DBS Bank India launches relationship banking for globally-mobile, emerging affluent IndiansDBS Bank India has launched DBS Aspire, a new banking proposition targeting the emerging affluent segment with a total relationship value o...
21 Apr, 2026, 12.21 PM IST
TCS on credit card and forex card under RBI LRS lacks parity: What experts suggest Budget 2026 do?Foreign spending by Indians faces a tax anomaly. While forex and debit cards incur Tax Collected at Source (TCS) under LRS, international c...
29 Jan, 2026, 11.23 AM IST
TCS on foreign remittance limit hiked from Rs 7 lakh: Check the new limit announced in Budget 2025TCS Limit in Budget 2025: FM proposes to hike the TCS limit to Rs 10 lakh from Rs 7 lakh currently. The TCS is applicable to the outward fo...
06 Feb, 2025, 02.58 PM IST
RuPay debit, credit card: This RuPay card will get you up to Rs 3,000 cashback in every transaction in these countriesRuPay-JCB debit and credit card customers can now get a 25% cashback on in-store purchases in eight countries. This is a limited-period off...
30 Apr, 2024, 03.02 PM IST
Debit card or credit card: Which one should you use on international trip to save on forex, ATM charges, TCS?Debit card vs credit card: The first thing to keep in mind is that using a debit card means spending the money in your account. Credit card...
18 Dec, 2023, 12.59 PM IST
Debit cards' downward spiral; OTTs on inclusivity quotientOnline shoppers are increasingly swiping credit cards or using digital payments over debit cards, data shows. Numbers on this trend and mor...
26 Oct, 2023, 08.04 AM IST
2 new debit card, credit card rules applicable soonDebit card, credit card rules: At the moment, when you apply for a debit or credit card, the network provider is normally determined by the...
03 Oct, 2023, 01.11 PM IST
20% TCS from October 1, 2023: How a forex card could save you more than a credit card during international tripsTCS on forex payments: From October 1, 2023, forex cards will attract at 20% if the user loads over Rs 7 lakh on the card in a financial ye...
25 Sep, 2023, 03.06 PM IST
New 20% TCS rule from October 1, 2023: Know TCS rates on international trips, forex payments, debit, credit card, education, foreign investmentsStarting from October 1, 2023, all overseas outward remittances, except for medical and educational purposes, over a threshold limit of Rs ...
25 Sep, 2023, 03.03 PM IST
Govt clarifies how TCS will be applicable on flight tickets, hotel bookings during international trips, hostel expenses, other foreign remittancesEarlier this week, the ministry said that there will be TCS on foreign remittances of up to Rs 7 lakh per financial year. Further, it also ...
04 Jul, 2023, 03.48 PM IST
3 ways to avoid the 20% TCS on overseas tour packages effective July 1, 2023Starting from July 1, 2023, a tax collected at sources (TCS) of 20 per cent will apply to overseas tour packages. If you are planning to ta...
27 Jun, 2023, 02.00 PM IST
Banks say systems are not yet ready for new TCS regimeIndian banks are claiming that they do not yet have the requisite software to implement new rules relating to tax collection at source for ...
24 Jun, 2023, 04.42 AM IST
Sending money abroad for education? Pay 20% TCS from July 1 if you don't do thisBudget 2023 raised the Tax Collection at Source (TCS) rate for foreign remittances under the Liberalised Remittance Scheme (LRS) from 5 per...
16 Jun, 2023, 12.58 PM IST
No TCS on debit card, credit card forex payments of up to Rs 7 lakh from July 1, 2023: GovtThe Ministry of Finance on Friday, May 19, clarified that no TCS will be levied on individual payments using international debit and credit...
22 May, 2023, 04.20 PM IST
No TCS on overseas spending up to Rs 7 lakh per year by credit or debit cards: GOIThe Government of India on Friday has announced that individuals making payments using their international debit or credit cards, up to Rs ...
19 May, 2023, 08.11 PM IST
Changes in FEMA rules: Debit, credit cards to have parity; business visits of employees exempted from LRSThe ministry said since credit card spending overseas has now been brought under LRS, such remittances would be liable to tax collected at ...
19 May, 2023, 11.51 AM IST
Credit card spends in foreign currency to attract 20% TCSThe Finance Ministry has clarified that foreign currency payments such as digital subscriptions to publications or goods bought on foreign ...
19 May, 2023, 08.25 AM IST