RBI is introducing a new mandate for all banks to introduce name lookup while adding beneficiary details for payment.

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 Reserve Bank of India (RBI) has asked the National Payments Corporation of India (NPCI) to develop a facility to allow ...

The Chairman / Managing Director / Chief Executive Officer of Banks participating in RTGS and NEFT systems Introduction of ...

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, ...

The Reserve Bank of India will introduce a name look-up facility for RTGS and NEFT systems by April 1, 2025. This will allow ...

The RBI has asked the National Payments Corporation of India to develop a facility to allow customers using online fund ...

There have been many instances where remitters remitted funds to the wrong beneficiary. This new rule will help to limit the ...

By April 2025, banks must provide a facility to verify beneficiary account names during NEFT and RTGS transactions, as ...

The Reserve Bank of India (RBI) highlighted that payment systems like Unified Payments Interface (UPI) and Immediate Payments ...

The Delhi High Court has urged the RBI to fast-track the implementation of a system that verifies the beneficiary's na ...