CURRENT AFFAIRS

2021

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

What is the enhanced maximum per transaction limit for online fund transfer under the Indo-Nepal Remittance Facility Scheme, as per RBI?

A	Rs 5 lakh
B	Rs 1 lakh
C	Rs 2 lakh
D	Rs 3 lakh

Explanation:

Detailed explanation-1: -How much money can I remit under INRF? Ans: One can remit upto ₹2 lakhs per transaction to the beneficiary residing in Nepal; provided the sender maintains account with any NEFT enabled bank branch in India. Walk-in / Non-customer can remit upto ₹50, 000 per transaction to Nepal residing beneficiary. 3.

Detailed explanation-2: -How much money can be transferred abroad annually? The Reserve Bank of India (RBI) has a limit of $2, 50, 000 (INR 2, 04, 50, 250) per financial year for foreign remittances. This includes both personal and business-related transactions.

Detailed explanation-3: -Remittance From India This platform is available to resident individuals under Liberalised Remittance Scheme (LRS) of RBI subject to present limit of USD 2, 50, 000 per Financial Year and from NRE account of an NRI.

Detailed explanation-4: -Frequently asked questions. How much money can I send to Nepal? You can send up to $5, 000 per transfer to family and friends in Nepal.

There is 1 question to complete.