The Qatar Central Bank's Real Time Gross Settlement System (RTGS) settled 0.65mn large value electronic transactions worth ...

The Directorate of Enforcement ED in its ongoing investigation into illegal foreign remittances has uncovered a network of 98 alleged dummy partnership firm ...

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

There have been many instances where remitters remitted funds to the wrong beneficiary. This new rule will help to limit the ...

In a major investigation, the Directorate of Enforcement has discovered a network of 98 dummy firms and 12 shell companies allegedly involved in illegal remittances of over Rs 10,000 crore to Hong ...

The Reserve Bank of India has announced a new initiative to introduce a beneficiary account name look-up facility for RTGS ...

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

The Income Tax Department warns against excessive cash transactions, as violations can lead to heavy penalties.

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

RBI mandates banks to offer beneficiary account name look-up facility for RTGS and NEFT transactions by April 1, 2025.

The Reserve Bank of India will introduce a name look-up facility for RTGS and NEFT systems by April 1, 2025. This will allow ...

By April 2025, banks must provide a facility to verify beneficiary account names during NEFT and RTGS transactions, as ...