Debit cards, ATM cards or any other instrument by whatever name ...
Debit and ATM Cards Officially Classified as 'Currency' by Authorities, Affecting Financial and Tax Treatment.
January 1, 2016
Notifications FEMA
Debit cards, ATM cards or any other instrument by whatever name called that can be used to create a financial liability, Notified as ‘currency’. - RBI
View Source