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    Question

    By what date has the RBI mandated the implementation of

    a beneficiary account name look-up feature for RTGS and NEFT transactions?
    A January 1, 2025 Correct Answer Incorrect Answer
    B March 31, 2025 Correct Answer Incorrect Answer
    C April 1, 2025 Correct Answer Incorrect Answer
    D June 30, 2025 Correct Answer Incorrect Answer
    E December 31, 2025 Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India (RBI) has mandated banks to implement the beneficiary account name look-up feature for RTGS and NEFT services by April 1, 2025. This will allow customers to verify the recipient's account name before completing transactions.

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