Definition of "Currency" (FEMA.15(R)/2015-RB 29.12.2015)

Relative A.P. (DIR) circular: 48/[(1)/15(R)]/04.02.2016 RESERVE BANK OF INDIA (FOREIGN EXCHANGE DEPARTMENT) CENTRAL OFFICE MUMBAI 400001 Notification No. FEMA 15 (R)/2015 - RB December 29, 2015 Definition of "Currency" In pursuance of clause (h) of Section 2 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in supersession of Notification No. FEMA 15/2000-RB dated May 3, 2000 , as amended from time to time, the Reserve Bank notifies debit cards, ATM cards or any other instrument by whatever name called that can be used to create a financial liability, as ‘currency’. They shall come into force from the date of their publication in the Official Gazette. (B P Kanungo) Principal Chief General Manager Published in the Official Gazette of Government of India – Extraordinary – Part-II, Section 3, Sub-Section (i) dated 29.12.2015- G.S.R.No.1008(E)