RBI directs banks to let remitters verify account name before RTGS, NEFT transfers
Mumbai: The Reserve Bank of India (RBI) on Monday directed all banks to put in place a facility to enable a remitter to verify the beneficiary bank account name before initiating a transaction using the RTGS or NEFT system. “All banks who are direct members or sub-members of RTGS and NEFT are advised to offer … Read more
