Sep 28, 2023
Foreign Outward Remittances undertaken through this facility would be reckoned under your annual LRS limits $250,000 per Financial Year (April to March).
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This is to certify that the remittance is not being made by to ineligible entities and that the remittance is in conformity with the instructions issued by the Reserve Bank from time to time under the Scheme.
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PNB has introduced "Submission of Form A2" for initiating LRS transactions from PNB One App.
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Single outward remittance limit of $10000 through net banking and mobile banking.
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Outward remittance limit of $10000 per FY
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Both limits will be applicable within LRS limit of $250000 per FY.
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Gift, donation, travel (Business, Pilgrimage, Medical Treatment, Education), maintenance of close relative.
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