RBI MPC Meeting: RBI to introduce beneficiary account name lookup facility for RTGS and NEFT systems to reduce chances of wrong credit and fraud

RBI MPC Meeting: Bank customers will be able to check the name of the beneficiary while transferring funds through RTGS and NEFT. RBI MPC Meeting: Many times bank customers transfer money to the wrong account while transferring money online through RTGS and NEFT. But soon such mistakes made by bank customers will be reduced and … Continue reading RBI MPC Meeting: RBI to introduce beneficiary account name lookup facility for RTGS and NEFT systems to reduce chances of wrong credit and fraud