Claude, New Yorker, Bandcamp: RBI rules leave international card payments in grey area

Economic Times - Sep 30, 2026

New regulations from the Reserve Bank of India will mandate reporting of international credit card transactions starting October 1. Consumers may need to provide details on all payments for services purchased abroad, leading to potential compliance challenges. The existing framework lacks clarity on how individuals will report these transactions to banks. While international credit card purchases are part of the Liberalised Remittance Scheme, the reporting process remains unclear.

Read full article
More News
Copyright © 2015 - 2026 The Financial Capital.

All Rights Reserved.

Subscribe Now!

About Us

The Financial Capital is your independent source for finance information and advice. We provide insights and offer advice from financial experts so you can make the best decisions.