Department has warned against excessive cash transactions and violations would trigger heavy penalties upto 100% for cash ...

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

Telangana Cyber Security Bureau (TGCSB) raised awareness among senior citizens in Hyderabad about cyber scams. Officers ...

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 ...

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

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

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

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

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

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