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

AIS Debit Card (Foreign spends)

soccer

TF Buzz
Hi,

I saw some folks on Twitter saying that any foreign spends on debit card (be it online or offline) were being specifically shown in AIS as foreign spends even if they were below the 7L threshold. One guy said he had spent only 50K on his DC, but still found it shown in AIS.

Can anybody else confirm whether they're seeing foreign spend amounts for DC in AIS, even if the amount is small?
 
Yes, that’s true, I used my debit card for a USD txn. (22k INR)
It was reported in AIS as Remittance under LRS (U/S 206C (1G(A)))

Thanks for your reply.

Interesting; I presume the same (report as foreign spends even if transaction is small) doesn't apply to credit cards? (simply because TCS isn't applicable to them as a mode of payment?)
 
Last edited:
Back
Top