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The RBI's updated guidelines for DMT services aim to enhance security by requiring records of beneficiaries and mandating additional authentication for transactions, thereby promoting greater compliance and security in money transfers. · Under the new framework, remitting banks will be required to maintain records of the name and address of beneficiaries for cash pay-out services. · This has been done to improve traceability and accountability in cash-based transactions. · The RBI has said every transaction by a remitter will now require validation through an Additional Factor of Authentication (AFA). · Remitting banks must adhere to the regulations outlined in the Income Tax Act of 1961 regarding cash deposits.
The ages of A, B and C are in the ratio of 5:3:7 respectively. If the sum of their ages is 60 years, then find the age of B.
If (a +b) :(b+ c) :(c+ a) =4:7:9 And a +b+ c =30 then find the value of c?
Number of faculties in Physics and Biology in an institute is in the ratio of 3:5 respectively. If 75 more faculties join Physics, while 40 more faculti...
A sum of money is divided among P, Q, R and S in the ratio of 2:3:9:10 respectively. If the share of R's is Rs. 3900 more than the share of Q, then what...
Incomes of company A and company B are in the ratio of 4:7. Had the income of company A been more by Rs.15 lakh, the ratio of their incomes would have b...
In a class, the ratio of students who passed to those who failed is 5:6. If 30 additional students had passed the exam, the ratio would shift to 17:16. ...
In the financial records of individuals A and R, the proportion of their salaries in the year 2022 was 5:4. Subsequently, the ratio of A's salaries in 2...
Rs 11,550 has to be divided between X, Y & Z such that X gets 4/5 of what Y gets and Y gets 2/3 of what Z gets. How much more does Z get over X (in Rs)?
The sum of the first, second, and third numbers is 231. The first and second numbers are in a 3:5 ratio, and the second and third...
A stone worth Rs.3800 drops and breaks with weight in the ratio 2:3:5. The price of stone is directly proportional to square of its weight. Find the tot...