rtgs

I currently have SBI and HDFC saving bank accounts. I need to transfer 10 lakh at times to different people. The RTGS cooling period is quite high for both SBI and HDFC for new beneficiary. You can only transfer 5 lakh for first 4 days of new beneficiary added for SBI. For HDFC, you need to...

The RBI announced a beneficiary account name look-up facility to enable remitters in RTGS and NEFT to verify the name of the beneficiary account holder before initiating funds transfer. This is a huge benefit for us. No need to make those ₹1 transactions after adding the beneficiary. It may take...