Indo-Nepal Remittance Scheme
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Foreign Exchange Facilities for Individuals — Foreign Exchange Facilities for Individuals.
One-liners from this chapter
Free sample — 8 of 65 rapid-fire Q&A cards.
What is the directional nature of the Indo-Nepal Remittance Scheme?
It is a one-way remittance facility, meaning money can move only from India to Nepal, not in the reverse direction.
What is the maximum total charge for a remittance up to ₹50,000 where the beneficiary holds an NSBL account?
₹25 (₹5 originating bank plus ₹20 SBI charge)
Which payment infrastructure does the Indo-Nepal Remittance Scheme rely on for fund transfers?
The scheme operates through the banking channel using NEFT (National Electronic Funds Transfer) infrastructure.
What additional charge applies when the beneficiary does NOT hold an NSBL account and the remittance is up to ₹5,000?
Additional ₹50 on top of standard charges
What is the maximum remittance permitted per transaction under the Indo-Nepal Remittance Scheme?
The maximum remittance per transaction is Rs. 2,00,000.
What is the maximum charge an originating bank in India may levy per transaction under the scheme?
₹5 per transaction
What is the maximum amount a walk-in or cash remitter can send in a single transaction under the scheme?
A walk-in or cash remittance is capped at Rs. 50,000 per transaction.
What charge does SBI levy per transaction where the beneficiary holds an NSBL account?
₹20 per transaction
MCQ practice tests
Chapter-wise mock tests with instant scoring.
More chapters in Module F
Master the full FOREIGNEXCHA syllabus
Every chapter of Foreign Exchange Facilities for Individuals — videos, tests, notes and one-liner decks in one place.