RBI eases reporting of NEFT by non-A/C holders
The RBI on Friday said that it is discontinuing a two-year-old provision where banks had to submit data pertaining to NEFT transactions by walk-in customers not having a bank account, from the quarter ending March 31. However, banks should continue to maintain the relevant records, RBI added. Earlier, incognito visits by RBI at banks had resulted in the provision's introduction.  