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

The Income Tax (IT) Department has warned against excessive cash transactions and violations would trigger heavy penalties ...

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

Serbia is prepared to buy out Russia’s shares in Naftna Industrija Srbije (NIS), a crucial energy company in the country, in ...

VMPL Mumbai Maharashtra [India] January 9 IDFC FIRST Bank announced its integration with Income Tax Portal to collect Direct ...

Telangana Cyber Security Bureau (TGCSB) raised awareness among senior citizens in Hyderabad about cyber scams. Officers ...

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

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

Serbian President Aleksandar Vučić has raised the alarm that the US will impose Russia-related sanctions on the Oil Industry ...

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

The Reserve Bank of India (RBI) has asked the National Payments Corporation of India (NPCI) to develop a facility to allow ...

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