RTGS will not work till 2 pm today. This is being done for technical improvements and better transaction of RTGS.
There is big news for those who transact money through net banking or banking app. Today, the bank’s real time gross settlement (RTGS) will remain closed. RTGS will not work till 2 pm today. This is being done for technical improvements and better transaction of RTGS. The Reserve Bank of India (RBI) had already informed the people that RTGS service will not be available for 14 hours from midnight on Saturday.
Explain that RTGS is used to send more than two lakhs amount. However, RBI has said that customers can use National Electronic Funds Transfer (NEFT) for transactions up to Rs 2 lakh. This service will continue to work as before.
This service will not work for 14 hours
According to the Reserve Bank, RTGS service will not be available on April 18, 2021 from 00:00 (Saturday night) to 14.00 (Sunday). Let us tell you that the facility of RTGS is available 24 hours from December 14 last year.
In RTGS, the transaction completes in real time. In this fund transfer transaction rate is on transaction basis. RTGS is used only for high value transactions. In this, no less than 2 lakh transactions can be done. There is no maximum transaction limit and it is both online and offline.
Payments banks will also get the facility of RTGS
Last week, the central bank proposed to extend RTGS and NEFT facilities to non-bank payment system firms in a phased manner. The move aims to encourage participation of non-banks in the payment system.
The RTGS facility was made available for all days from December 14 last year, making India one of the few countries to operate the 24 × 7 system.
In the case of RTGS, a minimum of Rs 2 lakh can be transferred at a time. Transfers are continuous depending on the transaction. There is no limit to the amount transfer.
read this also- Lakhpati can be made whenever you want through this government scheme, start at Rs 595
read this also- Indian Oil is giving a chance to earn up to 2 crores, only the message will have to be done on this number