07-16-2014, 03:19 AM
Dear Friends
I m from INDIA, I have just got letter from my HDFC Credit card deptt that any online
trading transaction through credit card attracts FEMA(foreign Exchange management act)
and reserver back of india donot permit remittance in any form towards overseas foreign
exchange trading ( including through electronic / internet trading portals or by use of
credit /debit cards)
I hv been doing online business since last couple of years and am doing comfortably
transactions through my credit card.
Now at this juncture when bank is going to stop my credit card transaction what could i
find its alternative solutions? please suggest and help solve my problem.
Thanks
I m from INDIA, I have just got letter from my HDFC Credit card deptt that any online
trading transaction through credit card attracts FEMA(foreign Exchange management act)
and reserver back of india donot permit remittance in any form towards overseas foreign
exchange trading ( including through electronic / internet trading portals or by use of
credit /debit cards)
I hv been doing online business since last couple of years and am doing comfortably
transactions through my credit card.
Now at this juncture when bank is going to stop my credit card transaction what could i
find its alternative solutions? please suggest and help solve my problem.
Thanks