Which of the following statements regarding the Reserve Bank of India’s (RBI) new regulations for cash payout services is/are correct?
-
The new norms for cash payout services will come into effect from November 1.
-
Banks must obtain and maintain the beneficiary's name and address for cash payout services.
-
Remitters must provide a verified mobile number and an ‘Officially Valid Document’ (OVD) for cash payout services.
1
None are correct
2
Only statement 2 is correct.
3
Only statement 1 and 2 are correct.
4
Only statement 1 and 3 are correct.
5
All statements are correct.