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NEFT BENEFICIARY LOOKUP
MF, SIP, loan, insurance NACH mandate cancellation to be easier: NPCI sets deadline for banks to provide facility or else…..The NPCI has found that just a few banks have implemented the online Cancel Amend/ Suspend & Revoke (CASR) facility for NACH mandates given...
NEFT, RTGS rule change: Verify beneficiary names easily with new account name lookup facility; when can you use it?NEFT, RTGS rule change: There have been many instances where remitters remitted funds to the wrong beneficiary. This new rule will help to ...
Roll out 'beneficiary look-up' for RTGS & NEFT by Apr 1: RBIBased on the account number and IFSC code, the customer will be able to fetch the beneficiary's account name from the bank's core banking s...
Soon, you can verify beneficiary bank account name for RTGS, NEFT transactionsThe Reserve Bank of India will introduce a name look-up facility for RTGS and NEFT systems by April 1, 2025. This will allow remitters to v...
RBI enhances transaction limits on UPI123 & UPILiteThe Reserve Bank of India has increased transaction caps for UPI123Pay and UPI Lite to boost UPI use. The UPI123Pay cap is raised from Rs 5...
RBI monetary policy pragmatic; should cut rate in coming months, say expertsThe Reserve Bank of India has kept its key interest rate unchanged at 6.5% and shifted its policy stance to 'neutral'. This indicates a pos...
Beneficiary account name look-up facility for RTGS, NEFT transactions soon; how it will reduce wrong money transfersMoney transfer via RTGS, NEFT: The Reserve Bank of India (RBI) has suggested a new functionality that permits remitters using RTGS and NEFT...
One Last Time: Is RBI MPC setting the stage for rate cuts soon?RBI MPC October Meeting: The Reserve Bank of India shifts to a neutral stance while maintaining the repo rate at 6.5%. Experts anticipate a...
RBI MPC announces more than a stance shift: Here are the new plansThe Reserve Bank of India, led by Governor Shaktikanta Das, maintains the repo rate at 6.5% and shifts its stance to neutral. Key measures ...
RBI Monetary Policy Meet Key Takeaways: All about Das & Co's decisionsRBI Monetary Policy Meet Key Takeaways: RBI Governor Shaktikanta Das announced the bi-monthly MPC meeting outcomes, maintaining repo rate a...
RBI Payments Vision 2025 aims 3-fold increase in digital paymentsThe core theme of the vision documents is 'E-Payments for Everyone, Everywhere, Everytime' (4Es) with an overall objective to provide every...