Last Updated : Sep 21 2018 6:57AM
News Highlights
Indian economy to reach 5 dollar trillion by 2022, says PM            Sushma Swaraj to meet Pakistani counterpart on UNGA sidelines: MEA            Two terrorists killed in operation by security forces in J&K           

Business News

Jul 13, 2018
2:02PM

Reserve Bank makes it compulsory to incorporate purchaser’s name on the face of payment instrumentalities to prevent money laundering

In order to address the concerns arising out of the anonymity and to prevent money laundering, the Reserve Bank has now made it compulsory to incorporate the purchaser’s name on the face of demand draft, pay order, banker’s cheques and other instruments. 

The RBI issued a notification in Mumbai yesterday to this effect to the banks. This directive will come into effect from 15th of September this year. 

Live Twitter Feed

Listen News

  • Morning News 20 (Sep)
  • Midday News 20 (Sep)
  • News at Nine 20 (Sep)
  • Hourly 21 (Sep) (0605hrs)
  • समाचार प्रभात 20 (Sep)
  • दोपहर समाचार 20 (Sep)
  • समाचार संध्या 20 (Sep)
  • प्रति घंटा समाचार 21 (Sep) (0600hrs)
  • Khabarnama (Mor) 20 (Sep)
  • Khabrein(Day) 20 (Sep)
  • Khabrein(Eve) 20 (Sep)
  • Aaj Savere 20 (Sep)
  • Parikrama 20 (Sep)
  • Lok Ruchi Samachar 9 (Sep)

Listen Programs

  • Market Mantra 20 (Sep)
  • Samayki 20 (Sep)
  • Sports Scan 20 (Sep)
  • Spotlight/News Analysis 20 (Sep)
  • Public Speak
  • Country wide 20 (Sep)
  • Surkhiyon Mein 20 (Sep)
  • Charcha Ka Vishai Ha 19 (Sep)
  • Vaad-Samvaad 18 (Sep)
  • Money Talk 18 (Sep)
  • Current Affairs 14 (Sep)

 

 

 

 

× All donations towards the Prime Minister's National Relief Fund(PMNRF) and the National Defence Fund(NDF) are notified for 100% deduction from taxable income under Section 80G of the Income Tax Act,1961""