According to senior officials of the ministry, 27 per cent of all beneficiaries are women, while 46 per cent houses are under ...

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

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

Through the NBK Mobile Banking App, NBK customers can now effortlessly apply for a Visa Infinite Credit Card, seamlessly ...

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

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

The Reserve Bank of India mandates banks to provide account name verification for RTGS and NEFT transfers by April 2025.

The Reserve Bank of India (RBI) has directed banks giving Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) services to introduce beneficiary account name look-up ...

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.

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

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