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

The RBI is launching a beneficiary account name look-up feature for RTGS and NEFT systems to prevent incorrect fund transfers ...

The RBI has mandated that financial institutions offering RTGS and NEFT services adopt a beneficiary account name ...

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

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

RBI mandates banks to provide beneficiary account name verification facility for NEFT & RTGS transactions by April 1, 2025, ...

Whether it’s a bank account, retirement account, or a life insurance policy through your job, you need to start naming ...

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

RBI mandates banks to offer beneficiary account name look-up facility for RTGS and NEFT transactions by April 1, 2025.

While asking the National Payments Corporation of India (NPCI) to develop a facility to allow customers to use online fund ...