Banking News

New definition of “Currency”

As per RBI notification dated December 29, 2015 (G.S.R.No.1008 (E) the Debit cards, ATM cards or any other instrument which can be used to create a financial liability may be defined as currency.  The above notification of RBI supersedes its earlier notification no. FEMA 15/2000-RB,

No Comments

Leave a Reply

Your email address will not be published. Required fields are marked *


error: Content is protected !!