Question

Which service is mandated by the RBI to verify the

RBI mandates account name verification for RTGS and NEFT to enhance transaction security and reduce errors.

beneficiary's account name before transactions by April 1, 2025?

A Immediate Payment Service (IMPS)

B Unified Payments Interface (UPI)

C Real-Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT)

D Bharat Bill Payment System (BBPS)

E Prepaid Payment Instruments (PPIs)

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