Question
All single payment transactions of Rs. ______ crore and
above undertaken by entities (non-individuals) should include remitter and beneficiary LEI information.Solution
All single payment transactions of ₹50 crore and above undertaken by entities (non-individuals) should include remitter and beneficiary LEI information. This is applicable to transactions undertaken through the NEFT and RTGS payment systems. In case of RTGS, both customer payment and inter-bank transactions, meeting the above criterion, should include LEI information.
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