Get Indo Nepal Remittance Pnb 2020-2024

REMITTANCES Up to Rs. 10000/-Rs. 50/-Above Rs. 10,000/-Rs. 4.00 per thousand or part thereof, Minimum Rs. 50/-, Max. Rs. 15000/-Against tender of Cash (Below Rs. 50000/-)@50% of over and above normal charges (as mentioned above)

The Reserve Bank of India (RBI) has a limit of $2,50,000 (approx. INR 2,04,50,250) per financial year for foreign remittances. This includes both personal and business-related transactions. Any remittance amount that crosses this limit requires you to take prior permission from the RBI itself.

Procedure for Remittance through Mobile Banking Login in to the mobile banking (app/browser). Go to the Main Menu. Click on Funds transfer Menu option. Click on Indo-Nepal Remittance Menu option.

The Reserve Bank of India has increased the limit of fund transfer under the Indo-Nepal Remittance Facility Scheme from Rs 50,000 per transaction to Rs 2 lakh per transaction.

"As hitherto, banks shall accept remittances by way of cash from walk-in customers or non-customers. The ceiling of Rs 50,000 per remittance with a maximum of 12 remittances in a year shall, however, continue to apply for such remittances," Reserve Bank of India (RBI) said in a circular.

The maximum limit of this transaction is 50000 INR , and charge you minimum cost. It is nearly similar as NEFT transfer where, soon after the Nepali accept the amount it will be credited to recipient.

Reserve Bank on Friday hiked the ceiling on remittances per transaction from India to Nepal to ₹ 2 lakh from ₹ 50,000, a move that will help facilitate retirement and pension-related payments to ex-servicemen settled in the neighbouring country.

There are two ways to enroll: Call the phone remit hotline; provide personal information and answer the specific questions to be asked by our customer service officer. ... Visit a PNB RCI branch near you.