IBPS PO Mains 30 Nov 2024 Shift 2 Paper

Concept:The Indo-Nepal Remittance Facility (INRF) sets different maximum limits for walk-in customers and account-holding customers.Explanation:For walk-in customers (non-account holders), the maximum remittance limit under INRF is $\text{INR }50,000$ per transaction.For account-holding customers, the maximum limit is $\text{INR }2,00,000$ per transaction.The facility is managed by State Bank of India (SBI) on the Indian side and Nepal SBI Bank Limited (NSBL) for disbursal in Nepal.Walk-in customers must provide proof of identity, such as a passport or PAN card, along with the beneficiary's address and phone number in Nepal.For remittances up to $\text{INR }50,000$, the charges are $\text{INR }5$ from the originating bank and $\text{INR }20$ from SBI, with extra charges if the beneficiary does not have an NSBL account.Answer:The maximum limit for remittances under INRF for walk-in customers is $\text{INR }50,000$ per transaction.Hence, the correct option is C. $\text{INR }50,000$.