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The Economic Times

Economy / The Economic Times

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Global banks are pulling back credit cards once prized by rich Indians

Several offshore banks are becoming reluctant to issue or renew international credit cards for wealthy resident Indians due to Indias 180-day rule on deploying overseas funds. The requirement is also creating difficulties for minors holding foreign accounts under the Liberalised Remittance Scheme.

9 Aug 2026 11:47 pm