Legal Entity Identifier for Large Value Transactions in RTGS and NEFT
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 →