The Reserve Bank of India (RBI) has directed to settle fees and charges payable in India on forex prepaid cards, store value cards, and travel cards in the local currency, ie. Rupee. The central bank also notified that the use of such cards is limited to permissible current account transactions and subject to the prescribed limits under the Foreign Exchange Management Rules.Previously, the central bank notified that no prior permission is required from the banks for such cards. It further said that Indian citizens who will purchase the travel cards can also refund unutilised foreign exchange balance after a period of ten days from the last transaction.
According to the new RBI’s norms, the KYC is required to be done once in every ___years for high-risk customers?
Where was the 47th meeting of the GST Council held on 28th and 29th June, 2022, under the chairmanship of the Union Finance & Corporate Affairs Ministe...
In the process of rusting of iron, the weight of it _______.
In the Indian Constitution, the idea of concurrent list has been borrowed from
Which of the following was enacted in 1988 with the aim of ensuring environmental stability and maintenance of ecological balance which is vital for the...
Which cell organelle appears as rounded or sausage-shaped structures under electron microscopy, measuring about 0.5-1.0 µm in diameter and 2-8 µm in l...
Which of the following institutions started the 'Team Halo' initiative in November 2020?
Which explorer discovered a sea route to India in 1498?
Who of the following singer popularized the Sambalpuri folk song 'Rangabati Rangabati'?
Bharat NCAP, is a New Car Assessment Program designed for India and aims to evaluate the safety performance of cars sold in India. On which date did the...
