Module: General Practice
Q62: Which of the following statements regarding wire transfer information requirements are correct?
All cross-border wire transfers must be accompanied by the originator's name, account number, and address (or equivalent unique identifier).
Domestic wire transfers of ₹50,000 or more, where the originator is not an account holder, must include the same full originator and beneficiary information as cross-border transfers.
Person-to-person wire transfers effected using a credit or debit card are not exempt and are subject to the wire transfer information requirements.
If a non-account holder is found to be intentionally structuring transfers below the ₹50,000 threshold, customer identification must be performed.
Domestic wire transfers of ₹50,000 or more, where the originator is not an account holder, must include the same full originator and beneficiary information as cross-border transfers.
Person-to-person wire transfers effected using a credit or debit card are not exempt and are subject to the wire transfer information requirements.
If a non-account holder is found to be intentionally structuring transfers below the ₹50,000 threshold, customer identification must be performed.
✅ Correct Answer: D
All four statements are correct, covering cross-border rules, domestic thresholds, card transfers, and anti-structuring.
These detailed rules are often the subject of complex RBI KYC Guidelines MCQs.
These detailed rules are often the subject of complex RBI KYC Guidelines MCQs.