Mobile Banking - Restriction of Rs.50,000/- per customer per day has been removed by RBI

A great news for Mobile Banking . The restriction which RBI had imposed two years back on Mobile Banking Value has been removed today . Now it has been left to the Banks Board to decide the limit . Till now the limit for Mobile Banking was 50,000/- per customer per day . This will change the way Fund transfer in India .

http://rbidocs.rbi.org.in/rdocs/notification/PDFs/MBT221211.pdf