Question

    What is a fast and convenient method for sending personal remittances from abroad to recipients in India?

    A PMJJBY Correct Answer Incorrect Answer
    B MTSS Correct Answer Incorrect Answer
    C PMJDY Correct Answer Incorrect Answer
    D APY Correct Answer Incorrect Answer

    Solution

    The Money Transfer Service Scheme (MTSS) facilitates the swift and easy transfer of personal remittances from abroad to beneficiaries in India, specifically for family maintenance and remittances for foreign tourists visiting India. Outward remittances from India are not permitted under MTSS. 

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