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RBI vide circular “Introduction of Legal Entity Identifier for Large Value Transactions in Centralised Payment Systems” (RBI/2020-21/82 DPSS.CO.OD No.901/06.24.001/2020-21) dated 5th January 2021 has decided to introduce the LEI system for all payment transactions of value INR 50 crore and above undertaken by entities (non-individuals) using Reserve Bank-run Centralised PaymentRead More →