New FAQ Page 2 - ربی - Reserve Bank of India
Content Type:
Liberalised Remittance Scheme
Ans. LLP is a body corporate and has a legal entity separate from its partners. Therefore, if the LLP incurs/sponsors the education expense of its partners who are pursuing higher studies for the benefit of the LLP, then the same shall be outside the LRS limit of the individual partners and would instead be deemed as residual current account transaction undertaken by the LLP without any limits.
These FAQs are issued by the Reserve Bank of India (hereinafter referred to as “Bank”) for information and general guidance purposes only. The Bank will not be held responsible for actions taken and / or decisions made on the basis of the same. For clarifications or interpretations, if any, one may be guided by the relevant circulars, guidelines and notifications issued from time to time by the Bank.
Ans. V-CIP may be used for carrying out the following processes:
- to undertake CDD in case of onboarding a new individual customer, proprietor in case of proprietorship firm, authorised signatories and beneficial owners in case of Legal Entity customers;
- to convert existing account opened in non-face-to-face mode using Aadhaar OTP based e-KYC authentication; and
- for updation/ periodic updation of KYC records of eligible customers.
Ans: Currently, 15 banks are offering CBDC wallets. The name and the link for downloading the apps is mentioned below.
| Pilot Banks | Name of the App | Android | iOS |
| SBI | eRupee by SBI | Android | iOS |
| ICICI Bank | Digital Rupee by ICICI Bank | Android | iOS |
| IDFC First Bank | IDFC First Bank Digital Rupee | Android | iOS |
| YES BANK | Yes Bank Digital Rupee | Android | iOS |
| HDFC Bank | HDFC Bank Digital Rupee | Android | iOS |
| Union Bank of India | Digital Rupee by UBI | Android | iOS |
| Bank of Baroda | Bank of Baroda Digital Rupee | Android | iOS |
| Kotak Mahindra Bank | Digital Rupee by Kotak Bank | Android | iOS |
| Canara Bank | Canara Digital Rupee | Android | iOS |
| Axis Bank | Axis Mobile Digital Rupee | Android | iOS |
| IndusInd Bank | Digital Rupee by IndusInd Bank | Android | iOS |
| PNB | PNB Digital Rupee | Android | iOS |
| Federal Bank | Federal Bank Digital Rupee | Android | iOS |
| Karnataka Bank | Karnataka Bank Digital Rupee | Android | iOS |
| Indian Bank | Indian Bank Digital Rupee | Android | iOS |
No. There is no charge or fee for a customer of the RE for filing or for resolving complaints under the RB-IOS, 2021. Further, complainants need not approach any third-party agency to file a complaint with RBI Ombudsman or pay any fee. Complainants can register their complaints by themselves or through a representative through any of the modes mentioned in Question 16 absolutely free of cost.
Ans.: Yes, it is the amount actually received (realised) during the reference period including the billing to subsidiaries/associates abroad.
Answer: As the transactions will be settled in INR, it will reduce the exchange rate risk for the Indian exporters and importers.
Response: Yes.
بھارت موبائل ایپلی کیشن کے ریزرو بینک کو انسٹال کریں اور تازہ ترین خبروں تک فوری رسائی حاصل کریں!
