Monday, 7 December 2020
The Reserve Bank of India has introduced that the Real Time Gross Settlement (RTGS) system will likely be made obtainable around the clock on all days of the 12 months with impact from 00:30 hours on December 14, 2020. Presently RTGS system is out there for purchasers between 7:00 AM and 6:00 PM.
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RTGS shall proceed to be ruled by the RTGS System Regulations, 2013. RTGS shall be obtainable for buyer and inter-bank transactions around the clock, aside from the interval between ‘end-of-day’ and ‘start-of-day’ processes, whose timings can be duly broadcasted by means of the RTGS system. Intra-Day Liquidity (IDL) facility shall be made obtainable to facilitate clean operations.
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