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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