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S.N.SCHEDULE OF SERVICE CHARGES w.e.f. 24.05.2017 Nature of Transaction Details1 Demand DraftCharges & CommissionDemand Draft Issuance1.1 Demand Drafted IssuanceNPR0.10% of DD amount with a minimum

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What is nature of transaction?

The nature of transaction refers to the description of the specific type of transaction that is being reported.

Who is required to file nature of transaction?

Any party involved in a financial transaction, such as a buyer or seller, is required to file the nature of transaction.

How to fill out nature of transaction?

The nature of transaction can be filled out by providing a detailed description of the transaction type in the appropriate field on the reporting form.

What is the purpose of nature of transaction?

The purpose of specifying the nature of transaction is to provide transparency and clarity about the type of financial activity being reported.

What information must be reported on nature of transaction?

The nature of transaction typically includes details such as the type of asset or security being exchanged, the amount of money involved, and any specific terms or conditions of the transaction.

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