Module: General Practice
Q74: Any remittance of funds by way of demand draft, mail/telegraphic transfer, NEFT/IMPS, or any other mode for a value of …… and above, shall be effected by debit to the customer's account or against cheques, and not against cash payment.
✅ Correct Answer: C
Any remittance of funds of ₹50,000 and above shall be effected by debit to the customer's account or against cheques, not cash.
Cash limits are strictly enforced and tested in the IIBF AML KYC Exam 2026.
Cash limits are strictly enforced and tested in the IIBF AML KYC Exam 2026.