RTGS to be available 24x7x365 from Dec 2020

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 RTGS to be available 24x7x365 from Dec 2020

The Reserve Bank of India (RBI) in its Statement on Development and Regulatory Policies has announced that the money transfer facility, RTGS, will be available round the clock, 24 hours a day, 7 days a week from December 2020. Under the current rules, the transfers can be made between 7 AM and 6 PM on all working days except for the second and fourth Saturday of the month and on Sundays.

The announcement comes after the RBI made the NEFT facility available 24X7 from December 16, 2019. 

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