RTGS money transfer facility to be operational 24X7 from today
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RBI Governor Shaktikanta Das announced that the RTGS facility would be available round-the-clock from today
The RBI also decided to increase the limit for contactless card transactions to ₹5,000 at PoS terminals from 1 January 2021
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In a bid to give a push to digital payments, the Reserve Bank of India (RBI) allowed the transfer of funds through Real-Time Gross Settlement (RTGS) round-the-clock from today (December 14). RBI Governor Shaktikanta Das announced that the RTGS facility would become operational 24X7 from 12:30 am tonight. It has been decided to make RTGS available round the clock on all days of the year with effect from 00:30 hours on December 14, 2020, the RBI said.