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The RBI has decided new Business timing for RTGS. What are the new timings?
(A) 6:00 AM- 6.30 PM
(B) 6:30 AM- 5.00 PM
(C) 24x7x365
(D) 7:30 AM – 6.00 PM
Answer: (C) 24x7x365
=> The system is available on all days on 24x7x365 basis. There is real time transfer of funds to the beneficiary account.
=> RTGS is available 24x7x365 with effect from December 14, 2020.
=> The RTGS system is primarily meant for large value transactions. The minimum amount to be remitted through RTGS is ₹ 2,00,000/- with no upper or maximum ceiling.
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