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

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

The Reserve Bank of India (RBI) is set to roll out a significant update for the National Electronic Funds Transfer (NEFT) and ...

Sanctions not connected to Russia’s military activities or financial matters but appear to be aimed at pressuring Serbia to ...

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

Neft Dashlari or Neft Daşları means “Petroleum Rocks” in the Azerbaijani language and is the name to one of the strangest and ...

The Reserve Bank of India (RBI) has directed banks giving Real Time Gross Settlement (RTGS) and National Electronic Funds ...

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

Currently, the Unified Payments Interface (UPI) and Immediate Payments Service (IMPS) systems enable a remitter to verify the ...

The Reserve Bank of India has directed the National Payments Corporation of India to develop a feature allowing customers to ...

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