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It means that as per the RBI rules, one can transfer of money up to USD 250,000 per calendar year for defined purposes. However, fees per transaction differ depending on the bank. Here is a comparison of the latest top banks charges for sending money abroad.
The problem was spotted when ICICI Bank customers posted on social media about the safety of the bank's iMobile Pay app. They said they saw private credit card details, like the full card numbers and CVVs, on the app
About 17,000 newly issued credit cards were erroneously mapped to the wrong users. To be on the safer side, the affected users should block the card and replace it.
ICICI Bank has said its customers can now instantly buy products or services just by scanning the required merchant QR code at a store and make payments