The Qatar Central Bank's Real Time Gross Settlement System (RTGS) settled 0.65mn large value electronic transactions worth ...

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

Hyderabad: The Telangana Cyber Security Bureau (TGCSB) has begun the New Year with the ‘Cyber Jaagrookta Diwas’. On Wednesday ...

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

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

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

Based on the account number and IFSC code, the customer will be able to fetch the beneficiary's account name from the bank's ...

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

By April 2025, banks must provide a facility to verify beneficiary account names during NEFT and RTGS transactions, as ...