Question
What is the maximum remittance limit per transaction from India to Nepal when the sender maintains an account with any NEFT enabled bank branch in India?
Solution
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.
More Beepedia Questions
- Which organisation shortlisted India’s Department of Food and Public Distribution for the 2026 Franz Edelman Award?
- Which Indian long jumper successfully defended his title and won gold at the International Jumping Meeting in Greece?
- The Ministry of Housing and Urban Affairs recently commemorated the 9th anniversary of three major initiatives on June 25, 2024. Which one of the following...
- Which mechanism in the India–New Zealand Free Trade Agreement allows India to suspend benefits if investment commitments are not fulfilled?
- According to a report by the World Bank, India is expected to be the top recipient of remittances in 2023 as inflows increase 12.4 per cent to $125 billion...
- Who became India’s first civilian space tourist?
- The Agricultural and Processed Food Products Export Development Authority (APEDA) comes under _______________.
- What was the YoY growth of bank credit to housing in October 2024?
- Who among the following is going to become new Chief Scientist of WHO?
- According to the UNESCO Global Education Monitoring Report 2024–25, how many boys per 100 girls achieve minimum reading proficiency globally?
