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Tag: RTGS

Apr122021 by adminNo Comments
RTGS facility will not be available for 14 hours on Sunday: RBI

RTGS facility will not be available for 14 hours on Sunday: RBI

Finance
The RTGS facility will not be available on Sunday, April 18, for 14 hours from 00:00 hrs to 14.00 hrs, the Reserve Bank of India (RBI) informed via a press release. "A technical upgrade of RTGS, targeted to enhance the resilience and to further improve the Disaster Recovery Time of the RTGS system, is scheduled after the close of business of April 17, 2021. Accordingly, RTGS service will not be available from 00:00 hrs to 14.00 hrs on Sunday, April 18, 2021. The NEFT system will continue to be operational as usual during this period," the RBI release stated. Member banks may inform their customers to plan their payment operations accordingly, RTGS members will continue to receive event update(s) through system broadcasts, added RBI. Let's block ads! (Why?) Personal Finance News-Wealth-Ec...
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Dec132020 by adminNo Comments
Round-the-clock RTGS from December 14

Round-the-clock RTGS from December 14

Finance
MUMBAI: The Real Time Gross Settlement System (RTGS) for high-value transactions will be available round-the-clock on all days from 00:30 hours of December 14, making India one of the few countries to operate the system 24x7. In October, the RBI had announced that RTGS will be available round-the-clock on all days of the year. "Accordingly, RTGS 24x7x365 will be launched with effect from 00:30 hours on December 14, 2020," the central bank said in a statement. The RBI said India will become one of the few countries in the world to operate its RTGS system round-the-clock throughout the year. This comes within a year of the Reserve Bank of India (RBI) operationalising NEFT 24x7. NEFT is the popular mode for small-value transactions. RTGS, which started on March 26, 2004 with a soft launch inv...
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