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Can a remittance that is due under a Standing Instruction bounce?

April 26, 2017bounce instruction remittance

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Can a remittance that is due under a Standing Instruction bounce?

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Yes. If your remittances have crossed the Remit2India weekly or annual limits, your pending standing instruction(s) may bounce. You will be notified of the same through mailers and also while booking normal remittances. Please note that the Standing Instruction shall remain active even if a particular remittance transaction fails, i.e. subsequent transactions shall be booked as per the schedule specified.