Number of overseas inward remittances hiked by RBI
By Ankit Sharma
Jun 12, 2012
Print    Email    RSS   

The country's apex banking institution, Reserve Bank of India has raised the limit on the number of times an Indian citizen can be given remittances from abroad in one year. A person can now receive funds from abroad 3o times a year.

Earlier this limit was set at 12.This change has been done by the RBI in the anticipation of attracting more foreign exchange.

The bank released a circular which stated that everybody under this Money Transfer Service Scheme is to follow the new RBI norms. Those who have to follow these norms include all Authorized Indian Agents and their sub-agents.


(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

Make more out of your credit card with...
The ABN AMRO One Card
Prevent your debit and credit card from...
Some New Ways to Save on Your Car...
Cash-Back offer at Corporation Bank this...

kindlysent my credit card statement to my
⑨①-9876751387 Voodoo Spell Black Magic Love...
⑨①-9876751387 Voodoo Spell Black Magic Love...
08196881150 Amritsar Call Girls 08196881150 ,...
CaℒL GiℛℒS In Ludhiana O9915682OO2 EsCoRt In...
shimla: escort services O97801-03808 CaℒL...

91st Founders day of the Karnataka Bank Feb 18, 2015
Banks on strike from 25th February Feb 16, 2015
SBT bank postponed the Open House meet Feb 13, 2015
Yes bank planning to line up for credit card portfolio Feb 12, 2015
Pocket banking – new app by ICICI bank Feb 11, 2015
News Archive