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NEFT News

RBI Sets April 2025 Deadline for Mandatory Beneficiary Name Verification in RTGS and NEFT Transfers

Michael Lee 31 Dec, 2024

The Reserve Bank of India mandates banks to implement a beneficiary name verification system for RTGS and NEFT transfers by April 2025, enhancing the security of digital fund trans...

Business

Revolutionizing Online Transfers: Verify Bank Account Names Before NEFT Payments

Michael Lee 31 Dec, 2024

The Reserve Bank of India mandates a new feature for RTGS and NEFT users to verify bank account names before transactions, aiming to reduce errors and frauds, with a compliance dea...