Question
The Reserve Bank of India has partially relaxed
restrictions on SBM Bank India by allowing ATM/POS transactions under the Liberalised Remittance Scheme (LRS) only till _____.Solution
The Reserve Bank of India has partially relaxed restrictions on SBM Bank India by allowing ATM/POS transactions under Liberalised Remittance Scheme (LRS) through its KYC compliant internationally active debit cards. This relaxation, available only till March 15 2023, has been made to provide relief to affected customers of the bank.
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