Prime Minister Imran Khan launched Pakistan’s first instant payment system – Raast – to enable end-to-end digital payments among individuals, businesses,
24x7 RTGS payment system available from today hindustantimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hindustantimes.com Daily Mail and Mail on Sunday newspapers.
From Today, RTGS Payment System Available 24X7 The RTGS system is meant for high-value transactions, on a real-time basis
Updated: December 14, 2020 1:39 pm IST
The minimum amount that can be remitted through RTGS is Rs 2 lakh and there is no maximum limit.
The Real Time Gross Settlement System (RTGS) for high-value transactions will be available round-the-clock on all days from 00:30 hours staring today, making India one of the few countries to operate the system 24x7.
Back in October, the Reserve Bank of India (RBI) had announced that RTGS will be available round-the-clock on all days of the year.
RBI Governor Shaktikanta Das said RTGS facility in the country will become operational from 12.30 am on Monday. This move by the central bank comes within a year of operationalizing the national electronic funds transfer (NEFT) on a 24x7 basis.
RTGS money transfer facility to be operational 24x7: Important points indiatoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatoday.in Daily Mail and Mail on Sunday newspapers.
Highlights
It is available on all working days.
You cant avail services on 2nd and 4th Saturdays.
New Delhi: Real Time Gross Settlement System (RTGS), used for large value transactions, is now available round-the-clock from on all days from Monday (00:30 hours of December 14).
India is one of the few countries to operate the system 24x7. Accordingly, RTGS 24x7x365 will be launched with effect from 00:30 hours on December 14, 2020, the central bank had said in a statement.
Announcing the December 2020 bi-monthly RBI Monetary Policy decision, RBI Governor Shaktikanta Das had said, customers will get round-the-clock availability of Real Time Gross Settlement (RTGS) System soon.