RTGS Online bank transactions available round the clock from Dec 2020
The Reserve Bank of India (RBI), from December 1, allowed the transfer of funds through Real-Time Gross Settlement (RTGS) system available for customers 24×7.
RTGS is used for large-value transactions; the minimum amount to be remitted through RTGS is Rs 2 lakh with no maximum limit. This is done in order to boost the adoption of digital payments.
Till November 30, RTGS was available from 7 am to 6 pm on all working days of a week, except the second and fourth Saturdays of every month for customers.
Tags : Finance
The post RTGS Online bank transactions available round the clock from Dec 2020 appeared first on Studycafe.
from Studycafe https://ift.tt/36vvjMs
No comments:
Post a Comment