Tag: rtgs
Posted in Finance
Beneficiary account name look-up facility for RTGS, NEFT transactions soon; how it will reduce wrong money transfers
The Reserve Bank of India (RBI) has proposed a new feature that would allow RTGS and NEFT remitters to verify the recipient’s name before executing…
Posted in Finance
RBI plans new payment system to safeguard essential payments against digital attack, natural calamities
The Reserve Bank of India (RBI) has conceptualised a lightweight payment and settlement system (LPSS) that can be operated from anywhere by a bare minimum…