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Thursday, July 12, 2018

RBI's new directive for demand drafts

In a bid to curb money laundering using anonymous demand drafts (DDs), the Reserve Bank of India (RBI) has made it mandatory to incorporate the name of the purchaser on the face of the financial instrument.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2uvDsfV
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