The revised directions prescribe transaction limits, customer verification and authentication requirements while mandating safeguards to monitor unusual fund transfers
Banks can offer cash pay-in and pay-out services under revised domestic money transfer norms
EXECUTIVE SUMMARY
The revised directions prescribe transaction limits, customer verification and authentication requirements while mandating safeguards to monitor unusual fund transfers
Key Takeaways
- Banks can offer cash pay-in and pay-out services under revised domestic money transfer norms.
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Published originally on The Hindu Business Line
