There have been many instances where remitters remitted funds to the wrong beneficiary. This new rule will help to limit the number of incorrect money transfers.
the Reserve Bank of India on Friday said that the Real Time Gross Settlement (RTGS) system, used for large value transactions, will be made available round-the-clock in the next few days.
which are direct members or sub-members of the Real Time Gross Settlement (RTGS) System and National Electronic Funds Transfer (NEFT) System, to offer the beneficiary bank account name look-up ...
NEFT, RTGS update: The Reserve Bank of India (RBI) will introduce the beneficiary account name look-up facility for the Real Time Gross Settlement (RTGS) System and National Electronic Funds ...
At present, PhilPaSS Plus is the country’s only RTGS system, which is owned and operated by the BSP. This system is used for settlement of large value funds transfers between financial institutions.
All banks that are direct members or sub-members of Real Time Gross Settlement (RTGS) System and National Electronic Funds Transfer (NEFT) System are advised to offer this facility no later than ...
All banks that are direct members or sub-members of Real Time Gross Settlement (RTGS) System and National Electronic Funds Transfer (NEFT) System are advised to offer this facility no later than ...