Statement A is incorrect because the RBI guidelines require recording both the name and address of the beneficiary for cash payouts, not just the name. Statement B is incorrect because the new guidelines are effective from November 1, not October 1. Statement C is incorrect because remitting banks and BCs must register the remitter’s details based on a verified cell phone number and a self-certified ‘Officially Valid Document (OVD)’, not an unverified cell phone number and an OVD without self-certification. Statement D is correct as per the new RBI guidelines; every transaction by a remitter will indeed be validated by an Additional Factor of Authentication (AFA). Statement E is incorrect because the remitting banks and BCs must comply with the Income Tax Act, 1961, not the Foreign Exchange Management Act, 1999.
Agricultural and Processed Food Products Export Development Authority (APEDA), has signed a Memorandum of Understanding (MoU) with which hypermarket to ...
The 8th National Photography Awards were conferred by the Union Minister of State for Information and Broadcasting Dr L. Murugan in New Delhi.Who won Li...
________ has signed a MoU with Amazon Kisan to combine strengths and create synergy between the two organizations for guiding the farmers on the scien...
E-Samadhan Portal will be regulated and monitored by _______.
How many PM MITRA Parks have been approved by the government, and what is the total outlay over seven years?
In the Under-19 Asia Cup 2021 finals India defeated which country by 9 wickets in a rain-interrupted One-Day International final in Dubai.
HMD Global and IDEMIA have partnered with which payments bank to introduce an offline Central Bank Digital Currency payment application on feature phone...
Which financial firm has partnered with Indian Railways Catering and Tourism Corporation (IRCTC), to provide a Travel Now Pay Later (TNPL) payment optio...
Dina Boluarte has recently become the president of which country?
Pieces of camphor placed on water move about rapidly. This is because of -