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.
What is the primary objective of the partnership between the Indian Institute of Management Indore and the National Skill Development Corporation (NSDC)?
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