RBI Hiked Mobile Banking Transaction Limit to Rs. 50,000 in a Day
The Reserve Bank of India has hiked the daily ceiling for banking transactions through mobile phones to Rs 50,000, from the present cap of Rs 15,000. RBI has also placed cap of Rs 5,000 per transaction and Rs 25,000 on per month per customer, on mobile banking transaction, if the delivery to recipient is in cash. […]