NEWS & ADVICE : CREDIT CARDS
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
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
An insight into two wheeler insurance
Best airline rewards credit cards in...
A general guide to Auto Insurance
Increasing trend of prepaid cards in India
Cash-Back offer at Corporation Bank this...


please sent me statement ref.nbr EV14269394542
what is mini statement?????????? how to create an...
how can i can transfer money from sbi to citibank.i...
my a/c is thr wth sbi. i hv my debit card bt hv not...
@~09780560514~@ Call GiRls In ludhiana EsCoRt In...
Which indian bank support AVS (address verification...

NEWS THIS WEEK
Yes Bank may enter credit card business soon. Oct 21, 2014
New multicurrency card of KVB bank Oct 20, 2014
Federal Bank bagged excellence banking award Oct 17, 2014
Customers with large account balance will get unlimited free ATM transcations: SBI Oct 15, 2014
Hud Hud Cyclone crippled the Banking service in Vishakhapatnam Oct 14, 2014
News Archive