Dec 30, 2024 · Money transfer via RTGS, NEFT: The Reserve Bank of India (RBI) has suggested a new functionality that permits remitters using RTGS and NEFT to authenticate the recipient's name before making the payment, mirroring the feature found in UPI and IMPS transfers.

Mar 2, 2024 · NEFT system has achieved a milestone on leap day i.e., on February 29, 2024, by processing 4.10 crore transactions, the highest ever in a day so far. The precise number was 4 crore 10 lakh...

From April 1, 2025, a new system will be implemented that allows customers to verify the name of the bank account before transferring money via the Real-Time Gross Settlement (RTGS) and National Electronic Fund Transfer (NEFT) systems.

Jan 2, 2025 · The Reserve Bank of India has announced a new initiative to introduce a beneficiary account name look-up facility for RTGS and NEFT systems.

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 April 1, 2025, the Reserve Bank said in a circular on Monday.

Aug 7, 2019 · The Reserve Bank of India will allow round-the-clock fund transfers through NEFT from December this year, it said in a statement on Wednesday. "This is expected to revolutionise the retail payments system of the country," noted the central bank.

Jan 10, 2025 · New energy sector determination targets Russia’s primary revenue source with sanctions against Gazprom Neft and Surgutneftegas, more than 180 vessels, and dozens of oil traders, oilfield service providers, insurance companies, and energy officials.

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Dec 18, 2022 · Neft - Get Neft News, Top Headlines, News Today along with Latest Updates at Hindustan Times.

Jan 8, 2020 · Neft News Updates: Get Latest Breaking News, Photos and Video News on Neft. Also find Neft latest news headlines, picture gallery, top videos, comments, blog posts and opinion at The Indian Express.