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New IMPS money transfer rule: Soon, send up to Rs 5 lakh with mobile no , bank name; no need to add beneficiary, account, IFSC

NPCI has simplified Immediate Payment Service (IMPS) to make bank account transfers easier and error-free. You can just use the mobile number and bank account name of the receiver or beneficiary to send money. Soon, you will be able to send up to Rs 5 lakh can be transferred through simplified IMPS without adding a beneficiary. NPCI says that this payment experience will be accompanied by real-time beneficiary name validation. How will the new simplified IMPS work and how it will benefit you. Read on to find out.

Rahul jainAjay rajanSanjeev mogheMandar agasheMrigank shekharPayment services indiaNational payments corporation of indiaImmediate payment serviceNational payments corporationVice presidentMobile bankingInternet bankingFederal bankChief product officerCountry headTransaction banking

IMPS new money transfer rules: Soon, send up to Rs 5 lakh with mobile no & bank name; add beneficiary, IFSC, account not needed

India Business News: New IMPS system aims to enhance the ease and accuracy of financial transactions. To understand how this revamped IMPS will operate and what happens wh

Ajay rajanRahul jainMandar agasheDigital at federal bankNational payments corporation of indiaImmediate payment servicePayment services indiaBank account fundNational payments corporationBank account fund transfersPerson to account paymentPerson to paymentVice presidentFederal bankRupay cardsNext milestone

Debit card, credit card rule change: Online card transactions to become faster, more secure as banks to create tokens

Card tokenisation is a major reform to enhance the security of online transactions. As of now, tokens could can only be created at various merchant websites. Now, the Reserve Bank of India (RBI) has proposed to introduce Card-on-File token creation facilities directly at the issuer bank level. A tokenised card transaction is considered safer as the actual card details are not shared or stored with the merchants to perform the transaction. Know how tokenisation works and how it will help you

Adhil shettyRahul jainGaurav jalanMandar agashePayment services indiaReserve bankServices indiaManaging directorDebit card tokenisationWhat is card tokenisationRbi tokenisation guidelinesRbi tokenisationDebit card rule changeCredit card rule change

RBI Extends Card Token Issuing Facility To Banks: How Tokenisation Works?

RBI Extends Card Token Issuing Facility To Banks: How Tokenisation Works?
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Rahul jainPayment services indiaWhat is cardServices india

RBI to introduce new facility for card tokenisation to ensure convenient, safe and easily accessible payment solutions

Central bank proposes to introduce token creation facilities directly at the issuer bank level

Rahul jainAdhil shettyPayment services indiaReserve bankRegulatory policiesCard on file tokenisationServices indiaCard tokenisationCredit cardBi mpcMonetary policy

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