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Press Information Bureau
Government of India
Ministry of Finance
11-May-2012 17:43 IST
Remittance of Funds by Migrant Population

Reserve Bank of India (RBI) has issued guidelines on “Domestic Money Transfer – Relaxations” on October 05, 2011 which are available at RBI’s website www.rbi.org.in.

Banks and authorized prepaid payment issuers have been advised to report the number of transactions effected under the above scheme which are being collected from banks by RBI.

This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in Lok Sabha today.

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