Section

Beneficiary account name look-up facility for RTGS, NEFT transactions soon; how it will reduce wrong money transfers

By Economic Times - a month ago
Money transfer via RTGS, NEFT: The Reserve Bank of India (RBI) has suggested a new functionality that permits remitters using RTGS and NEFT to authenticate the recipient's name before making the payment, mirroring the feature found in UPI and IMPS transfers.

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.