Mumbai: The RTGS for high-value transactions is now available round-the-clock on all days from 00:30 hours today (December 14).
This has been informed by RBI Governor Shaktikanta Das.
“RTGS facility becomes operational 24X7 from 12.30 am tonight. Congratulations to the teams from RBI, IFTAS and the service partners who made this possible”, the RBI Governor said.
The RTGS, which stands for Real-Time Gross Settlement System, is a system where there is continuous and real-time settlement of fund-transfers, individually on a transaction by transaction basis without netting.
The RTGS, which was introduced in 2004 with four banks, currently handles 6.35 lakh transactions daily for a value of Rs 4.17 lakh crore across 237 participant banks.
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