RBI Introduced Name Lookup Facility
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You’ll Be Able To See Name of Beneficiary While Making NEFT and RTGS Payments Now
Banks To Implement This Feature By April 1
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For CC numbers what name will appear? most use NEFT for CC payment for transfers its UPI or IMPS.
Thats good move. Can you share complete details?
So entering account/ card holder name is no more required as it will be prepopulated?
Good info
Vu
Currently ICICI charges 100 rs for name verification 😥
Idfc gives it free
UPI yes but IMPS has this? I've never seen name automatically fetch the name. Or it only does if MMID is entered?
What are we going gaga over this feature of name verification in 2025 this should have been implemented long back... Too little and too late
Now there would also be NEW SCAMS owing to getting DATA of a acc holder.... May also have Few Circular rolling it back in few Scenarios..... indian bureaucracy sucks big time 🤔🤒💀🤦♂️
Big step