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) is set to roll out a significant update for the National Electronic Funds Transfer (NEFT) and ...

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

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 Reserve Bank of India has announced a new initiative to introduce a beneficiary account name look-up facility for RTGS ...

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, ...

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

This facility will allow users to view and verify the name of the beneficiary before initiating a transaction, similar to the ...

"Serbia explores oil and gas supply options amid US sanction threats" was originally created and published by Offshore ...