Question
In the context of wire transfers, who is defined as the
“Beneficiary” according to RBI’s KYC guidelines?Solution
The “Beneficiary” in a wire transfer is the person or entity designated to receive the funds from the transaction. This individual or entity is typically specified by the originator, ensuring the correct party receives the amount transferred.
More Accounts Questions
- What will come in place of the question mark (?) in the following series?
?, 162, 54, 18, 9, 3 What will come in place of the question mark (?) in the following series?
17, 81, 131, 169, 197, ?
15.975 ×27.825 + (76.01)² + 12.98×18.426 = ?+ (79.09)²
14 36 80 168 ? 696
900 90 18 ? 2.16 1.08
97, 75, 108, 64, ?, 53
11 16 42 141 ? 2945 17700
...9 5 6 10.5 23 ? 183
5 3 4 7.5 17 ? 138
456, 460, 444, 508, 252, ?
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