Reserve bank of India has removed the maximum limit cap of maximum limit per customer per day for the mobile banking. In India the mobile banking is trend to increase and for encouraging the customers of banks, it is decided to remove cap for the mobile banking. Full circular is as under.
DPSS.CO.PD.No. 1098 / 02.23.02 / 2011-12
All Scheduled Commercial Banks including RRBs /
Urban Co-operative Banks / State Co-operative Banks /
District Central Co-operative Banks
Chief General Manager