Original IDs mandatory for bank transactions above ₹50,000

To prevent the use of forged photocopies, Government has made it mandatory for banks and financial institutions to check the original identification documents of individuals dealing in cash above the prescribed threshold of ₹50,000. This step aims to combat money laundering and generation of black money.
 


जाली फोटोकॉपी के इस्तेमाल को रोकने के लिए, सरकार ने बैंकों और वित्तीय संस्थानों के लिए 50,000 रुपये की निर्धारित सीमा से अधिक नकदी लेनदेन करने वाले व्यक्तियों के असल पहचान दस्तावेजों की जांच करना अनिवार्य कर दिया है। इस कदम का उद्देश्य धन शोधन और काले धन के उत्पादन से निपटना है।

Key Learnings

  • Verb : combat //कॉम्बैट// [निपटना]

    Definition: To try to stop something unpleasant or harmful from happening or increasing
    Synonyms: Strife, Contend, Encounter, Oppose
    Antonym: Peace, Surrender, Accord, Truce

  • Adjective : forged //फॉर्ज्ड// [नकली]

    Definition: An illegal copy of something in order to deceive
    Synonyms: Fake, Counterfeit, Sham, Fraudulent, Fabricated
    Antonym: Genuine, Authentic, Bonafide

  • Noun : mandatory //मैन्डटॉरी// [अनिवार्य]

    Definition: Something that must be done or is demanded by the law
    Synonyms: Obligatory, Requisite, Binding, Imperious
    Antonym: Voluntary, Optional, Discretionary, Volitional

  • Adjective : prescribed //प्रिस्क्राइब्ड// [निर्धारित]

    Definition: Set by a rule or order
    Synonyms: Decreed, Ordained, Established, Fixed
    Antonym: Casual, Unsettled, Arbitrary, Unofficial

  • Noun : threshold //थ्रेशहोल्ड// [सीमा]

    Definition: The limit for something to start
    Synonyms: Brink, Verge, Cusp, Limit
    Antonym: Ending, Closure, Nadir, Halt

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