RTGS

RBI rolls out stricter norms for high-value transactions

It was conceived as a way of improving the quality and accuracy of financial data systems for better risk management post the 2008 financial crisis.

published on : 6th January 2021

Withdrawal norms, RTGS timings changed

First, the Reserve Bank in its policy review announcement made last week, announced that starting December 14, the Real Time Gross Settlement (RTGS) System will be available 24x7. 

published on : 7th December 2020

RTGS to be made available 24X7 in next few days: RBI Governor

In December 2019, the National Electronic Funds Transfer (NEFT) system was made available on a 24x7x365 basis.

published on : 4th December 2020

RTGS to be available 24X7 from December: RBI Governor

RTGS is meant for large-value instantaneous fund transfers while NEFT is used for fund transfers of up to Rs 2 lakh.

published on : 9th October 2020

UPI transactions drop in March, RTGS shoots up due to lockdown

The value of UPI transactions too came down to Rs 2.06 lakh crore during March, from Rs 2.23 lakh crore in February.

published on : 21st April 2020

Yes Bank enables RTGS services allowing transactions over Rs 2 lakhs, current A/C withdrawal limit raised

As per the FAQs, Yes Bank said outward online remittances, including RTGS and NEFT, are still suspended.

published on : 11th March 2020