Free account-name check before NEFT and RTGS transfers
RBIIn effectApplies from 1 Apr 2025
By Clarifee teamAnnounced Last checked
Banks must let payers see the account holder’s name, from the account number and IFSC, before sending NEFT or RTGS, at no charge.
What it means for you
Fewer wrong credits when customers pay you by NEFT or RTGS.
Official sources
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