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

The Reserve Bank of India (RBI) is set to roll out a significant update for the National Electronic Funds Transfer (NEFT) and ...

By Tatyana Kekic in Belgrade Serbia's President Aleksandar Vucic expects the United States to clarify its position on ...

The government in Belgrade has funds to buy out the shares of Russian corporations in the Serbian oil company NIS, reports ...

Serbian President Aleksandar Vucic has expressed concerns over the potential imposition of US sanctions on Naftna Industrija ...

Currently, the Unified Payments Interface (UPI) and Immediate Payments Service (IMPS) systems enable a remitter to verify the ...

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

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

The Reserve Bank of India has directed the National Payments Corporation of India to develop a feature allowing customers to ...

Accordingly, to enable remitters in RTGS and NEFT to verify the name of the beneficiary account holder before initiating ...

The Reserve Bank of India mandates banks to provide account name verification for RTGS and NEFT transfers by April 2025.

The Reserve Bank of India (RBI) highlighted that payment systems like Unified Payments Interface (UPI) and Immediate Payments ...