Which of the following statements are true regarding Money Transfer Service Scheme (MTSS)? a. Only cross-border inward personal remittances are allowed under this scheme. b. A cap of USD 2,500 has been placed on individual remittances under the scheme. c. 50 remittances can be received by a single individual beneficiary under the scheme during a calendar year. d. Amounts up to INR 50,000/- may be paid in cash to a beneficiary in India.
Which of the following statements are true regarding Money Transfer Service Scheme (MTSS)?
a. Only cross-border inward personal remittances are allowed under this scheme.
b. A cap of USD 2,500 has been placed on individual remittances under the scheme.
c. 50 remittances can be received by a single individual beneficiary under the scheme during a calendar year.
d. Amounts up to INR 50,000/- may be paid in cash to a beneficiary in India.
1). a, b and d
2). a, b and c
3). b, c and d
4). a, c and d
1 answers
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