RBI vide notification dated May 4, 2023 has issued an amendment to the Master Direction (MD) on KYC to include Instructions on Wire Transfer in the MD. The amendment provides that all cross-border wire transfers shall be accompanied by accurate, complete, and meaningful originator and beneficiary information as mentioned below:
a. name of the originator;
b. the originator account number where such an account is used to process the transaction;
c. the originator’s address, or national identity number, or customer identification number, or date and place of birth;
d. name of the beneficiary; and
e. the beneficiary account number where such an account is used to process the transaction.
New Updates in Election Schedule for Jammu & Kashmir and Haryana
The Election Commission of India (ECI) has announced a change in the election schedule for the legislative assemblies in both Jammu & Kashmir and Haryana.