International Credit Card use permitted for foreign currency account holders; charges payable from those accounts or by direct remittance. Banks authorised to deal in foreign exchange may issue International Debit Cards for residents to withdraw cash or pay merchants abroad for permissible current account transactions within the LRS limit; authorised dealers may also issue store value/charge/smart cards without prior RBI approval subject to the same limits. Residents with foreign currency accounts may obtain International Credit Cards from overseas issuers; charges must be met from the holder's foreign currency account(s) or by direct remittance to the card issuer through the holder's bank, the issuing bank sets the credit limit, LRS does not apply to ICC use for expenses while abroad, and ICC/IDC use is barred for Schedule 1 prohibited transactions and in Nepal and Bhutan.