Banks to issue Rupay prepaid forex cards: RBI

Chennai, Jun 8 (IANS): The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has decided to permit banks to issue Rupay prepaid foreign exchange (forex) cards for Indians travelling abroad, said RBI Governor Shaktikanta Das.

The decision is part of the internationalisation of the Rupay card.

Announcing the decision of the MPC that met for three days from June 6 - 8, Das said the Rupay debit and credit cards are gaining increased acceptance abroad.

He said the banks are now permitted to issue Rupay prepaid forex cards for Indians travelling abroad.

Das said the Rupay prepaid forex cards will expand the payment options for Indians going abroad.

The RBI Governor also said Rupay cards will also be enabled for issuance in foreign jurisdictions.



Top Stories

Leave a Comment

Title: Banks to issue Rupay prepaid forex cards: RBI

You have 2000 characters left.


Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will be held responsible.