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Definition of "Currency", 2015

Definition of Currency , 2015 - FEMA - 48 - Dated:- 4-2-2016 - RBI/2015-16/313 A.P. (DIR Series) Circular No.48/2015-16 [(1)/15(R)] February 04, 2016 To All Category - I Authorised Dealers and Authorised Banks Madam/ Sir Definition of "Currency& .....

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of the new regulations is given as under: Debit cards, ATM cards or any other instrument which can be used to create a financial liability may be defined as currency. 3. The new regulations have been notified vide Notification No. FEMA. 15(R)/2015-RB .....

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