RTGS Online bank transactions available round the clock from Dec 2020

RTGS Online bank transactions available round the clock from Dec 2020

RTGS Online bank transactions available round the clock from Dec 2020 The Reserve Bank of India (RBI), from December 1, allowed the transfer of funds…

authorPratibha GoyaldateDec 2, 2020
Last update on Dec 2, 2020
RTGS Online bank transactions available round the clock from Dec 2020 The Reserve Bank of India (RBI), from December 1, allowed the transfer of funds through Real-Time Gross Settlement (RTGS) system available for customers 24x7. RTGS is used for large-value transactions; the minimum amount to be remitted through RTGS is Rs 2 lakh with no maximum limit. This is done in order to boost the adoption of digital payments. Till November 30, RTGS was available from 7 am to 6 pm on all working days of a week, except the second and fourth Saturdays of every month for customers.
Tags : Finance

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