RTGS money transfer facility won't be available for 14 hours on Sunday: RBI1 min read . Updated: 12 Apr 2021, 03:25 PM IST
- 'Member banks may inform their customers to plan their payment operations accordingly,' RBI said
- The National Electronic Funds Transfer (NEFT) system will continue to be operational as usual during this period, RBI said
Reserve Bank of India (RBI) on Monday said that Real-Time Gross Settlement (RTGS) facility will not be be available for at least 14 hours on 18 April. "A technical upgrade of RTGS, targetted to enhance resilience & to further improve disaster recovery time of RTGS system, is scheduled after close of biz of Apr 17. Accordingly, RTGS service won't be available from 00:00 hrs to 14.00 hrs on Sunday, 18 April," the central bank said in a statement.
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