24×7 RTGS for high-value transactions from December 14. Check details

The Real Time Gross Settlement System (RTGS) for high-value transactions will be available 24×7 on all days from December 14. This would make India one of the few countries to operate the system round-the-clock. “RTGS 24x7x365 will be launched with effect from 00:30 hours on December 14, 2020,” the Reserve Bank of India (RBI) said in a statement. In October, the central bank had announced that RTGS will be available 24×7 on all days of the year. The RBI said India will become one of the few countries in the world to operate its RTGS system round-the-clock throughout the year.The Real Time Gross Settlement System (RTGS) for high-value transactions will be available 24×7 on all days from December 14. This would make India one of the few countries to operate the system round-the-clock. “RTGS 24x7x365 will be launched with effect from 00:30 hours on December 14, 2020,” the Reserve Bank of India (RBI) said in a statement. In October, the central bank had announced that RTGS will be available 24×7 on all days of the year. The RBI said India will become one of the few countries in the world to operate its RTGS system round-the-clock throughout the year.