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The Economic Times

Economy / The Economic Times

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HDFC Bank alerts clients on card swipe for overseas deals

In recent times many resident individuals, banking with various financial institutions, have used cards to carry out such international capital account transactions-oblivious that they were violating foreign exchange and banking rules. Some probably did it consciously to dodge the tax collected at source (TCS) or sidestep restrictions on overseas forex remittance.

24 Apr 2026 12:40 am