Name Lookup Feature for NEFT and RTGS Introduced by RBI: Enhancing Transaction Security
RBI Introduces Name Lookup for NEFT and RTGS: A New Milestone in Payment Systems The Reserve Bank of India (RBI) has introduced a significant feature in the National Electronic Funds Transfer (NEFT) and Real-Time Gross Settlement (RTGS) systems: the name lookup feature. This addition aims to streamline and enhance the security of digital transactions in…