Current Affairs · Banking and Finance
RBI’s new beneficiary name look‑up facility for RTGS/NEFT primarily enables remitters to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Send cross‑border RTGS directly without SWIFT
- 2Reverse a completed RTGS automatically within 30 minutes
- 3Schedule RTGS/NEFT on bank holidays
- 4Verify the beneficiary’s account name using account number and IFSC before transfer✓
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Verify the beneficiary’s account name using account number and IFSC before transfer
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