Which of the following is true regarding the Money Transfer Service Scheme?

Which of the following is true regarding the Money Transfer Service Scheme?

1). Maximum $2500 can be transferred by an individual using MTSS
2). Maximum 30 thirty remittances can be received in one year
3). Maximum 50000/- can be paid in cash in one transaction
4). All of the above

1 answers

Answer This Question
Name:
Email:
Answer :
Sum of (4+1)
Submit:

Other Questions

1. With reference to the prepaid credit cards, which among the following is / are correct statements? 1. Credit facility is offered for the purchaser of the card 2. No interest charged from the purchaser of the card 3. No purchasing fee and monthly fees charged before an arbitrary time period Select the correct option from the codes given below:

2. भारत में केन्द्रीय बैंक व्य्वसाय कार्य किस बैंक द्वारा प्रस्तुत किया जाता है ?

3. In which year, the first bank of lndia "Bank of Hindustan" was established?

4. Which associate bank of SBI was imposed a fine of ` 1 crore by the RBI for violation of some of its instructions?

5. Which state has recently launched its own e-wallet Tokapoisa.in to enable the residents perform digital transaction?

6. Which entity became the first in the country to tie up with e-Mudhra, the government licensed certifying authority to introduce 'eSign'?

7. Which Indian Company has emerged as the first National Supporter to sponsor the FIFA U-17 World Cup India 2017 to be held from 6 to 28 October 2017?

8. Reliance Capital Asset Management (RCAM) takeover of which global financial giant's mutual fund business in India with which it becomes the exclusive fund manager for the government's ambitious Central Public Sector Enterprises (CPSE) Exchange Traded Fund?

9. Merdeka Cup is associated with

10. Who has been signed by the Mercedes as the replacement for recently retired Formula One world champion Nico Rosberg on January 17, 2017?

Guest · Answer 1 · 2019-08-06 13:46:05

Money Transfer Service Scheme (MTSS) is a service through which personal remittances from abroad can be transferred to beneficiaries in India. Some important facts about MTSS are:

Outwards remittances (from INDIA TO FOREIGN)are not allowed under MTSS.
Beneficiaries can be individuals only.
Maximum $2500 can be transferred by an individual using MTSS.
Amounts up to Rs.50000 can be paid in cash through MTSS.

Which of the following is true regarding the Money Transfer Service Scheme?

1 answers

Answer This Question

Other Questions

General Knowledge Questions

English Language and Comprehension

Quantitative Aptitude

ExamCompetition 2015-2021