BFIs

Remittances to Nepal: RBI hikes per transaction cap to Rs 200,000 from Rs 50,000

KATHMANDU: Reserve Bank, August 27, hiked the ceiling on remittances per transaction from India to Nepal to Rs 2 lakh from Rs 50,000, a move that will help facilitate retirement and pension-related payments to ex-servicemen settled in the neighbouring country. Besides, the central bank has removed the cap of 12...

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