Question

Which of the following accurately describes the Reserve Bank of India's revised Domestic Money Transfer (DM

  • A The changes mandate maintenance of records for beneficiaries of cash pay-out services.  
  • A .
  • B Every transaction must now be validated through an Additional Factor of Authentication (AF
  • C The remitting banks are required to comply with provisions related to cash deposits under the Income Tax Act, 1961.
  • T guidelines effective from November 1, 2024?
A Only A & B
B Only B & C
C All A, B & C
D Only C
E Only A
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