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New Amendment in Online Bank Transaction

Today, I have to pay big amount to any party through my online bank account. But, I could not see the transfer link in it. But it is showing to clear payment limit. Actually, RBI has made this new condition. According to this, you must fix your each daily transaction limit. This amendment is for more security in your online bank transactions.



Read above New RBI Guidelines in which you will clear about this amendment. Now, what to do? Answer is simple, you just go to limit button first in your internet banking account. Following main limits, you have to set.

  1. Set Overall Limit
  2. Set Transaction Limits
  3. Set Beneficiary Limits
  4. Set Number of Beneficiary
When you open these links one by one, you have to set the amount. For example, you can set Rs. 90,00,000 daily overall limit with 1000 transactions numbers. Now, you have to set each number of beneficiaries. Now, you have to set transaction limits. In end, you have to set beneficiary limits. This will be the limit of transferring maximum amount to your beneficiary. In every limit setting, you have to validate by confirming your login id and transaction passwords and confirm also code no. which you will receive in your mobile number. 



After confirming URN, you can enjoy to transfer money to valid party like me.

Related : ATM Cloning 

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Accounting Education: New Amendment in Online Bank Transaction
New Amendment in Online Bank Transaction
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Accounting Education
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