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What is house bank, bank key?

Answer Posted / e lokesh

House Bank: Is a bank which contains multiple account ID's
and which operates for outgoing/Incoming payments with
different currencies with different accounts.

Bank Key: a country-specific code that, in combination with
the Bank Country, is used to identify a House Bank within
the SAP system.

Bank Key is provided by the specified country not only RBI
also all the bank countries will provide.

Is This Answer Correct ?    5 Yes 1 No



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