UPI-PayNow Linkage
The list of banks in India, their UPI handles and platforms for receiving and sending remittances are tabulated as following:
Receiving Remittances | Sending Remittances | |||
Banks | UPI Handles Enabled | Featuring Apps | Banks | Apps / Internet banking |
Axis Bank | @axisbank | Axis Pay | ICICI Bank | Internet banking |
DBS Bank India | @dbs | DBS Digibank | Indian Bank | Mobile App (IndOASIS) |
ICICI Bank | @icici | ICICI iMobile | Indian Overseas Bank | Internet banking |
Indian Bank | @indianbank | IndOASIS | ||
Indian Overseas Bank | @iob | BHIM IOB Pay | State Bank of India | Mobile App (BHIM SBI Pay) |
State Bank of India | @sbi | BHIM SBI Pay |
Ans: No. Not required.
Ans. The correspondent bank shall be responsible for the LEI of the non-resident counterpart. However, in this regard it may be guided by the instructions contained in paragraph 2 of the circular.
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The framework is applicable for green deposits raised by REs on or after June 01, 2023.
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REs cannot finance green activities/ projects first and raise green deposits thereafter.
Answer: Electronic Trading Platform (ETP) means any electronic system, other than a recognised stock exchange, on which transactions in eligible instruments like securities, money market instruments, foreign exchange instruments, derivatives, etc. are contracted. No entity shall operate an ETP without obtaining prior authorisation of RBI under The Electronic Trading Platforms (Reserve Bank) Directions, 2018. The list of authorised ETPs is available here.
Resident persons operating ETPs without authorisation from RBI, collecting and effecting/remitting payments directly/indirectly outside India shall render themselves liable for penal action under the extant laws and regulations, including the Foreign Exchange Management Act, 1999 and the Prevention of Money Laundering Act, 2002.
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