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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.
Which of the following statements about rainfall in India is/are correct?
1. Most of the rainfall in India is due to the South-West monsoon
...To achieve a geosynchronous Earth orbit, a spacecraft should initially be launched into an elliptical orbit with what approximate apoapsis altitude?
What phenomenon occurs during Equinox days?
Consider the following statements concerning the Peninsular block of India:
1. The Thar Desert is part of the Peninsular block.
2. Th...
Which ocean is the smallest by surface area?
The retreating Monsoon gives rainfall to:
The "Great Barrier Reef" is located off the coast of which country?
The redshift theory is associated with ________.
Which mountain range system is the highest and most extensive in Europe?
Which countries does the Somali Current flow past in the Western Indian Ocean?
