PREVIOUS
✖
Legal Entity Identifiers
January 12 , 2021
1416 days
1137
0
- The Reserve Bank of India informed that the legal entity identifiers will be mandatory for all the fund transfers worth Rs. 50 crores and above.
- It is a 20-digit number that will be used to uniquely identify the parties involved in financial transactions all over the world.
- It will help banks and regulators in tracking large value transactions more closely.
Leave a Reply
Your Comment is awaiting moderation.