With the new system, the RTGS and NEFT platforms will adopt a similar functionality, ensuring that the name provided by the sender matches the account details of the beneficiary, the central bank ...

The Reserve Bank of India (RBI) has asked banks, which are direct members or sub-members of the Real Time Gross Settlement (RTGS) System and National Electronic Funds Transfer (NEFT) System ...

including cash, credit and debit cards, UPI (Unified Payments Interface), mobile wallets, NEFT (National Electronic Funds ...