30 August 2021 Current Affairs
What is the enhanced maximum per transaction limit for online fund transfer under the Indo-Nepal Remittance Facility Scheme, as per RBI?
The Reserve Bank of India has increased the limit of fund transfer under the Indo-Nepal Remittance Facility Scheme from Rs 50,000 per transaction to Rs 2 lakh per transaction.
However, for cash-based transfers under the Indo-Nepal Remittance Facility per transaction limit of Rs 50,000 will still be present with a maximum number of transfers in a year allowed at 12.
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