The RBI has directed banks to implement this system by 1 April 2025. This includes all direct and sub-member banks of the RTGS and NEFT systems. (Image: Freepik) Here’s some good news for you: ...

The Reserve Bank of India (RBI) announced on Monday the launch of a new beneficiary bank account name verification feature for both the Real Time Gross Settlement (RTGS) and National Electronic Funds ...

New Delhi: Private sector lender HDFC Bank has announced price revision in a host of services including Cash transactions, Interest Certificate, IMPS, RTGS and NEFT branch transactions. (Cash deposits ...

The RBI has mandated that financial institutions offering RTGS and NEFT services adopt a beneficiary account name verification system by April 1, 2025. This move aims to enhance the security of ...

Currently, the Unified Payments Interface (UPI) and Immediate Payments Service (IMPS) systems enable a remitter to verify the name of the beneficiary before initiating a transfer The RBI has asked the ...

HDFC Bank announced a comprehensive revision of service charges. These changes include reduced free transactions, increased per-transaction charges, and revised fees for NEFT, RTGS, IMPS, and ECS/ACH ...

https://www.thehindubusinessline.com/data-stories/data-focus/why-continuous-clearing-is-unlikely-to-boost-cheque-usage/article70131732.ece Copy RBI’s new continuous ...

MUMBAI: To improve customer convenience by reducing settlement risks by moving to a faster, real-time clearing process, (apart from the electronic format of NEFT and RTGS), the Reserve Bank has asked ...

To enhance security in online money transfers, the RBI has instructed the National Payments Corporation of India (NPCI) to develop a verification facility. This facility will allow users to confirm ...