Issue of International Credit Cards to Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs)

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....dia Exchange Control Department Central Office Mumbai 400 001 November 5, 2002 A.P. (DIR Series) Circular No. 40 To All Authorised Dealers in Foreign Exchange Madam/Sirs, Is....

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.... that charges on the use of ICCs should be settled by the concerned NRIs/PIOs, only out of inward remittances or balances held in their Non-Resident External (NRE) Accounts/ Foreign Currency Non-Resid....