According to the Reserve Bank of India, RTGS facility will be available 24 hours a day from 14 December. This means that you can transfer money through RTGS anytime and anytime. After this, India will join the selected countries, where this facility works day and night.
The Reserve Bank has announced to provide real time
you do digital transactions then there is good news for you. The Reserve Bank has announced to provide real time gross settlement (RTGS) facility 24 hours a day from tomorrow. This service will be available to customers all the time from 12:30 pm on the night of 14 December. Let us know about this feature in detail.
RBI Governor Shaktikanta Das says that online transactions have increased significantly in the Corona era. After which RBI decided to provide RTGS facility 24 * 7 hours. The RBI had decided to extend the timing of RTGS to support the efforts of global integration of the Indian financial market.
RTGS is a method of digital fund transfer. With this help, money is transferred in a very short time. RTGS is mainly used for transfer of large amount. Under this, a minimum of Rs 2 lakh can be sent. The limit for sending the maximum amount is 10 lakh rupees.
RBI has put a maximum fee of Rs 24.5 for transfer of funds from 2 lakh to 5 lakh through RTGS and the bank can charge a maximum of Rs 49.5 for fund transfer of more than 5 lakh. GST also has to be paid on this. Although talking about the country’s largest bank SBI, it does not charge any fee for RTGS.