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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...

Business

Important Notice: ICICI Bank RTGS Service Unavailable on December 14-15

Ryan Peterson 10 Dec, 2024

ICICI Bank announces a scheduled maintenance period affecting RTGS transactions on December 14-15, 2024. During this time, both incoming and outgoing RTGS transactions will be dela...