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

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

Education Adviser Prof Wahiduddin Mahmud on Wednesday said that the long-standing hassle and inconvenience faced by ...

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

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

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.

Interac e-transfers are a form of electronic funds transfer facilitated by the online payment system, Interac. Payments are nearly instant, and the only information you need to send an Interac e ...

All banks that are direct members or sub-members of Real Time Gross Settlement (RTGS) System and National Electronic Funds ...

The Reserve Bank of India introduced a new beneficiary bank account name look-up facility for RTGS and NEFT systems, allowing ...

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 ...