New RTGS timings from 1 December. Check details here1 min read . Updated: 29 Nov 2020, 07:26 AM IST
- The round-the-clock RTGS facility will be made effective from December 2020
- From July 2019, RBI stopped levying charges on transactions through NEFT and RTGS
In order to boost the adoption of digital payments, the Reserve Bank of India (RBI) allowed the transfer of funds through Real-Time Gross Settlement (RTGS) round-the-clock, used for large value transactions, round-the-clock from December1. Currently, RTGS is available for customers from 7.00 am to 6.00 pm on all working days of a week, except second and fourth Saturdays of every month. RBI Governor Shaktikanta Das said that to support the ongoing efforts aimed at global integration of Indian financial markets, facilitate India's efforts to develop international financial centres and to provide wider payment flexibility to domestic corporate and institutions, it has been decided to make RTGS available round-the-clock on all days.
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