Any NRI can now have an additional credit card issued to a resident in India, payment for which can be made against his foreign currency account held abroad. The central bank has said that no remittances from India will be permitted for settlement of claims against the additional card.

At present, the facility of international credit card is available to residents visiting foreign countries and they can utilise such cards up to their entitlement of foreign exchange for foreign visits.

RBI has relaxed the conditions for holding of international credit cards by Indian residents by now allowing residents to hold these cards which can be used by them not only to meet their travel expenditure in accordancewith their entitlement but also to meet other payments like subscribing to foreign journals and other such payments as may be permissible under the exchange control regulations.