New Delhi, April 10 -- The Reserve Bank of India (RBI) has issued final guidelines aimed at accelerating cross-border inward payments, seeking to reduce delays in crediting funds to beneficiaries.
The central bank said the move is intended to address operational frictions and ensure quicker communication of payment information, enabling timely credit to customer accounts.
The guidelines are part of the RBIs Payments Vision 2025, which aligns with the G20 roadmap to make cross-border payments faster, cheaper, more transparent, and accessible.
A key challenge identified by the RBI lies at the beneficiary end—specifically, the time taken by banks to process and credit funds after receiving payment messages.
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