M ost people know that if you have life insurance, you need to name a beneficiary—the person or entity that receives the ...
By April 2025, banks must provide a facility to verify beneficiary account names during NEFT and RTGS transactions, as ...
There have been many instances where remitters remitted funds to the wrong beneficiary. This new rule will help to limit the ...
The Reserve Bank of India (RBI) has asked the National Payments Corporation of India (NPCI) to develop a facility to allow ...
While asking the National Payments Corporation of India (NPCI) to develop a facility to allow customers to use online fund ...
The RBI is launching a beneficiary account name look-up feature for RTGS and NEFT systems to prevent incorrect fund transfers ...
The Chairman / Managing Director / Chief Executive Officer of Banks participating in RTGS and NEFT systems Introduction of ...
The RBI has mandated that financial institutions offering RTGS and NEFT services adopt a beneficiary account name ...
All banks who are direct members or sub members of RTGS and NEFT will have to offer this facility no later than April 1, 2025, says RBI ...
The Delhi High Court has urged the RBI to fast-track the implementation of a system that verifies the beneficiary's na ...
RBI mandates banks to offer beneficiary account name look-up facility for RTGS and NEFT transactions by April 1, 2025.
RBI mandates banks to provide beneficiary account name verification facility for NEFT & RTGS transactions by April 1, 2025, ...