New Enroll here to Join NaBFID Analyst Into Class on May 6

    Question

    According to the Indo-Nepal Remittance Facility Scheme,

    what is the maximum number of remittances in a year?
    A 9 Correct Answer Incorrect Answer
    B 10 Correct Answer Incorrect Answer
    C 11 Correct Answer Incorrect Answer
    D 12 Correct Answer Incorrect Answer
    E 15 Correct Answer Incorrect Answer

    Solution

    The Scheme leverages the National Electronic Funds Transfer (NEFT) ecosystem available in the country for origination of such remittances and entails a ceiling of ₹50,000 per remittance with a maximum of 12 remittances in a year. The beneficiary receives funds in Nepalese Rupees through credit to her / his bank account maintained with the subsidiary of State Bank of India (SBI) in Nepal, i.e., Nepal SBI Bank Limited (NSBL) or through an agency arrangement.

    Practice Next

    Relevant for Exams: