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 maximum limit of cash-based transfers under the Indo-Nepal Remittance Facility per transaction?

A	Rs 25, 000
B	Rs 50, 000
C	Rs 1 lakh
D	Rs 70, 000

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: -Ans: The Indo-Nepal Remittance Facility (INRF, Scheme) is a cross-border remittance scheme to transfer funds from India to Nepal (one-way only), enabled under the NEFT ecosystem.

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: -RBI allow remittance of up to USD 25, 000 per calendar year. You can remit in foreign currency for an RBI-approved purpose. You can buy FOREX up to USD 25, 000 only.

There is 1 question to complete.