Banking Awareness Test for IBPS, RBI, SBI, NABARD & other Bank Examinations

Q.  Under Liberalised Remittance Scheme, PAN card need not be insisted upon for remittance made towards permissible current account transactions up to how much amount?

a. USD 25,000
b. USD 20,000
c. USD 15,000
d. USD 10,000


ANSWER: See Answer
 
PAN card need not be insisted upon for remittance made towards permissible current account transactions up to USD 25,000 per financial year.
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