Q. What is the upper limit of transaction of amount via NEFT to a person in Nepal via the Indo-Nepal Remittance Facility Scheme?
Answer: Rs. 200,000
Notes: Indo-Nepal Remittance Facility is a cross-border remittance scheme to transfer funds from India to Nepal, enabled under the NEFT Scheme. The scheme was launched to provide a safe and cost-efficient avenue to migrant Nepalese workers in India to remit money back to their families in Nepal. According to the Indo-Nepal Remittance Facility Scheme, the upper limit for a single NEFT transaction to a person in Nepal is ₹2 lakhs. However, if you are a walk-in customer or not a regular account holder, the maximum amount you can send per transaction is capped at ₹50,000.