RBI has updated instructions in the Master Direction on Know Your Customer (KYC) related to wire transfers.Under the new rules,domestic wire transfers of _____ and above, where the originator is not an account holder of the ordering RE, shall also be accompanied by originator and beneficiary information as indicated for cross-border wire transfers.
The Reserve Bank has instructed banks and other financial institutions to ensure cross-border as well as domestic wire transfers contain complete information about the originator and beneficiary. The central bank has updated instructions in the Master Direction on Know Your Customer (KYC) related to wire transfers and also aligned the same with the relevant recommendation of the Financial Action Task Force (FATF). Also, domestic wire transfers, where the originator is an account holder of the ordering regulated entity (RE), should be accompanied by originator and beneficiary information, as in the case of cross-border wire transfers. Domestic wire transfers of Rs 50,000 and above, where the originator is not an account holder of the ordering RE, shall also be accompanied by originator and beneficiary information as indicated for cross-border wire transfers. Ordering RE refers to the financial institution which initiates the wire transfer and transfers the funds on behalf of the originator.
Surajkund Lake is situated in which of the following state?
The height of the Dancing Girl figurine of Indus Valley Civilization is about _________.
An attempt to obtain sensitive information such as username, password and credit card details, etc. for malicious reasons is termed as:
What device is mainly used to convert digital signals into analog signals for transmission?
Name the first woman of Rajasthan who was arrested and expelled during the freedom struggle of Rajasthan -
A consumer's optimal bundle is located at the point of tangency between the budget line and ________.
Which financial institution partnered with the Indian Renewable Energy Development Agency Ltd. (IREDA) through a Memorandum of Understanding (MoU) to pr...
Whichof the following state is located Manas Wildlife Sanctuary?
Which athlete from India was the only winner of any medal in the London Paralympics?
The Constitution (Scheduled Tribes) Order (Fourth Amendment) Bill, 2022 was passed in Rajya Sabha in December 2022. It seeks to amend the Constitution (...