Question

In the context of wire transfers, who is defined as the “Beneficiary” according to RBI’s KYC guidelines?

A The intermediary bank processing the transfer
B The person initiating the transfer
C The bank that initiates the transfer
D The natural or legal person identified as the receiver of funds
E The RBI-regulated bank overseeing the transaction
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)