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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.
Match the following ancient Indian texts with their focus areas:
O P Kohli who has reently passed away has been the former governor of which state?
In which year did the Citizenship Amendment Act, 2019 come into force?
With which state government did Tata Power sign an MOU to expand its renewable energy footprint?
Which of the following statements about the Senior Citizen Savings Scheme is correct?
1. The interest rate is 8.2% per annum.
2. The durat...
Which ministry relaxed norms for capital expenditures above Rs 500 crore for FY25?