Use of International Credit Cards allowed for residents abroad without prior central bank approval, subject to prohibited items. The amendment exempts the use of International Credit Cards by residents abroad from Rule 5 prior-approval requirements, permitting payment for expenses up to the card limit without separate Reserve Bank monetary ceilings. Existing prohibitions on purchases of items such as lottery tickets, banned magazines, sweepstakes participation and call-back services remain applicable.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Use of International Credit Cards allowed for residents abroad without prior central bank approval, subject to prohibited items.
The amendment exempts the use of International Credit Cards by residents abroad from Rule 5 prior-approval requirements, permitting payment for expenses up to the card limit without separate Reserve Bank monetary ceilings. Existing prohibitions on purchases of items such as lottery tickets, banned magazines, sweepstakes participation and call-back services remain applicable.
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