Year: 2025

RBI Mandates Beneficiary Name Verification for RTGS and NEFT Transactions Starting April 2025 The Reserve Bank of India (RBI) has announced the implementation of a beneficiary name verification feature for Real-Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) systems, effective April 1, 2025. Key Details: Beneficiary Name Verification: This feature will allow remitters […]