New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    All single payment transactions of Rs. ______ crore and

    above undertaken by entities (non-individuals) should include remitter and beneficiary LEI information.
    A 20 Correct Answer Incorrect Answer
    B 30 Correct Answer Incorrect Answer
    C 40 Correct Answer Incorrect Answer
    D 50 Correct Answer Incorrect Answer
    E 55 Correct Answer Incorrect Answer

    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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