https://www.taxtmi.com/article/detailed?id=9168 Cash withdrawal at PoS terminals is allowed via debit, open-system prepaid, UPI and PMJDY-linked overdraft cards but not credit cards. The facility carries per-card daily limits by centre category and a fee cap of one percent. Acquirer banks must designate merchant establishments after due diligence and ensure clear display of availability and charges; withdrawals are permitted across issuer and acquirer boundaries, need no purchase, and must be evidenced by a printed PoS receipt. Grievances go first to the card issuer, then to the relevant ombudsman schemes. Local area banks require RBI approval to provide the facility. en-us Tue, 12 May 2020 08:47:43 +0530 Tue, 12 May 2020 08:47:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9168 Cash withdrawal at PoS terminals is allowed via debit, open-system prepaid, UPI and PMJDY-linked overdraft cards but not credit cards. The facility carries per-card daily limits by centre category and a fee cap of one percent. Acquirer banks must designate merchant establishments after due diligence and ensure clear display of availability and charges; withdrawals are permitted across issuer and acquirer boundaries, need no purchase, and must be evidenced by a printed PoS receipt. Grievances go first to the card issuer, then to the relevant ombudsman schemes. Local area banks require RBI approval to provide the facility. Articles FEMA - Foreign Exchange Management Tue, 12 May 2020 08:47:43 +0530 https://www.taxtmi.com/article/detailed?id=9168