Remittances to Nepal: RBI hikes per transaction cap to Rs 2 lakh from Rs 50,000

"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.

from Economy-News-Economic Times https://ift.tt/3ks8pM1