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 â‚ą50 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.
Full payment of debt in instalment of principal & earned interest over a definite time is called
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In SFMS, M denotesÂ
Call money is valid forÂ
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Expand the term ALM as used in Banking/Finance sector.
Last six characters in IFSC code denotesÂ
____________ is the distribution of payment into multiple cash flow instalments.
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