1.

Would The Remitting Customer Receive An Acknowledgement Of Money Credited To The Beneficiary’s Account?

Answer»

The remitting bank receives a MESSAGE from the Reserve Bank that money has been CREDITED to the receiving bank. BASED on this the remitting bank can advise the remitting customer that money has been DELIVERED to the receiving bank.

The remitting bank receives a message from the Reserve Bank that money has been credited to the receiving bank. Based on this the remitting bank can advise the remitting customer that money has been delivered to the receiving bank.



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