New RTGS timings from today: 5 things to know
The RTGS system is primarily meant for high-value transactions. It happens on a real-time basis
Currently, RTGS is available for customers from 7.00 am to 6.00 pm on all working days of a week
The transfer of funds through Real-Time Gross Settlement (RTGS) will be made available round-the-clock from today (1 December). The Reserve Bank of India (RBI) had in October said that customers will get round-the-clock, 365 days a year from 1 December. "With this, India will be one of the very few countries globally with a 24x7x365 large value real time payment system," RBI Governor said after the the meeting of the Monetary Policy Committee (MPC). 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.