• Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.

RBL Signature+ debit card devalued for international Atm withdraw only.

Apply For Lifetime Free IDFC First Credit Card
R

rajgopalsinghal

TF Select
Dear Customer, W.e.f 12th April'23 Mark-up @ 3.5% plus government levies as applicable will be levied on all International ATM Cash withdrawals on RBL Bank Debit Cards. Pls click on http://bitly.ws/Bsyk for T&C. For any assistance call 022-61156300.

I upgraded to this card last month for the purpose of travelling abroad. my brother upgraded to this card last week. now this benefit is gone all of a sudden.
 

Attachments

  • image_picker2286699472543684225.jpg
    image_picker2286699472543684225.jpg
    123.2 KB · Views: 64
Apply For LTF AU LIT Credit Card
Sort by date Sort by votes
I think this is just for atm withdrawal, pos will still be without markup I think.
But yes, devaluation indeed.
Thank god I didnt close my Niyo global card. Lucky for me I am travelling before 12th april.
 
Upvote 0 Downvote
rajgopalsinghal said:
Dear Customer, W.e.f 12th April'23 Mark-up @ 3.5% plus government levies as applicable will be levied on all International ATM Cash withdrawals on RBL Bank Debit Cards. Pls click on http://bitly.ws/Bsyk for T&C. For any assistance call 022-61156300.

I upgraded to this card last month for the purpose of travelling abroad. my brother upgraded to this card last week. now this benefit is gone all of a sudden.
Click to expand...
Use IndusInd Exclusive DC
 
Upvote 0 Downvote
RealAchal said:
It is Government Tax, not Bank Tax, So it will be applicable on all debit cards, no matter which bank it is. It clearly means No FX fee game is over by Government on Debit Card [Credit Cards Can Also Come Into This Rule Anytime], not by banks. [All Banks Debit Cards Will Have Common Rules Of @3.5% Tax]
Click to expand...
Only GST on mark up is government tax. Mark up is set by bank and it is not tax. It is a fee that banks earn from you on forex transactions.
 
Upvote 0 Downvote
RealAchal said:
It is Government Tax, not Bank Tax, So it will be applicable on all debit cards, no matter which bank it is. It clearly means No FX fee game is over by Government on Debit Card [Credit Cards Can Also Come Into This Rule Anytime], not by banks. [All Banks Debit Cards Will Have Common Rules Of @3.5% Tax]
Click to expand...
Please dont confuse people, markup charge is always by bank and GST is from government. Please share with proof where has the government mandated the markup fees.
 
Upvote 0 Downvote
RealAchal said:
फॉरेक्स प्राइस कौन तय करता है



Image result for 3.5% fee on forex is set by government


वर्तमान अंतरराष्ट्रीय विनिमय दरें एक प्रबंधित फ्लोटिंग विनिमय दर द्वारा निर्धारित की जाती हैं। प्रबंधित फ्लोटिंग विनिमय दर का अर्थ है कि प्रत्येक मुद्रा का मूल्य उसकी सरकार या केंद्रीय बैंक के आर्थिक कार्यों से प्रभावित होता है।


How does the government control exchange rates?


Governments and central banks often seek to increase or decrease their exchange rates by buying or selling their own currencies. Exchange rates are still free to float, but governments try to influence their values. Government or central bank participation in a floating exchange rate system is called a managed float.
Click to expand...
Brother, this is different. Where does it talk of markup ?
 
Upvote 0 Downvote
You must log in or register to reply here.

Similar threads

K
  • Question Question
Best card for International ATM withdrawals
Replies
15
Views
3K
sunit123
sunit123
C
  • Locked
  • Question Question
RBL Signature Plus Debit Card devalued
Replies
502
Views
26K
varun__goel_
varun__goel_
I
  • Question Question
(RESOLVED) RBL Signature+ debit card error
Replies
17
Views
6K
dealminer
dealminer
R
  • Question Question
Charges of withdrawing at International ATM on RBL Signature + Debit card
Replies
4
Views
2K
nithin1992
N
Back
Top