Ministry of Finance inserts White Label ATM Operations and Conditions to FEM (Non-debt Instruments) Rules [Read Notification]

White Label ATMs (WLAs) are ATMs established, owned, and operated by non-bank entities
By Navasree A.M - On August 17, 2024 7:36 pm - 2 mins read
Ministry of Finance - White Label ATM - Operations and Conditions - FEM Rules - taxscan

The Ministry of Finance has inserted a new provision for White Label ATM Operations and its conditions to the Foreign Exchange Management (Non-debt Instruments) Rules, 2019. This amendment, known as the Foreign Exchange Management (Non-debt Instruments) (Fourth Amendment) Rules, 2024,Ā  shall come into force on the date of their publication in the Official Gazette, that…

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