Banks to provide beneficiary account name look-up facility in NEFT, RTGS by April 1
The Reserve Bank of India (RBI) has asked the National Payments Corporation of India (NPCI) to develop a facility to allow ...
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RBI Introduces bank account name look-up facility for RTGS & NEFT
The Chairman / Managing Director / Chief Executive Officer of Banks participating in RTGS and NEFT systems Introduction of ...
You will soon be able to verify beneficiary details during RTGS, NEFT payments for free
RBI is introducing a new mandate for all banks to introduce name lookup while adding beneficiary details for payment.
Soon, you can verify beneficiary bank account name for RTGS, NEFT transactions
The Reserve Bank of India will introduce a name look-up facility for RTGS and NEFT systems by April 1, 2025. This will allow ...
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RBI Mandates Name Verification for RTGS and NEFT Transfers
The Reserve Bank of India has directed the National Payments Corporation of India to develop a feature allowing customers to ...
NEFT, RTGS rule change: Verify beneficiary names easily with new account name lookup facility; when can you use it?
There have been many instances where remitters remitted funds to the wrong beneficiary. This new rule will help to limit the ...
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How to add a new bank account on Paytm
The first step to accessing its wide range of services from money transfers to bill payments and UPI services is linking your ...
NEFT, RTGS update: RBI introduces name lookup facility to verify beneficiaries | Know details
The RBI is launching a beneficiary account name look-up feature for RTGS and NEFT systems to prevent incorrect fund transfers ...
RBI directs banks to let remitters verify account name before RTGS, NEFT transfers
The Reserve Bank of India (RBI) on Monday directed all banks to put in place a facility to enable a remitter to verify the beneficiary bank account name before initiating a transaction using the RTGS ...