RBI issues revised framework for domestic money transfer.

Banking & Finance

The Reserve Bank of India (RBI) has issued a revised framework for domestic money transfers to enhance the efficiency and security of financial transactions. The updated guidelines aim to streamline the process, reduce transaction costs, and improve customer protection. This move is expected to make money transfers more transparent and user-friendly, providing better service and quicker transactions. The RBI's new framework addresses current challenges and ensures that the domestic money transfer system remains robust and reliable for all users.


      The new framework introduces advanced fraud detection measures to safeguard transactions from unauthorized activities.

      Enhanced interoperability between different payment systems aims to provide a seamless user experience across platforms.

     

 

     


About RBI,

CEO : Shaktikanta Das
Headquarter : Mumbai
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