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RTGS to remain unavailable for 14 hrs from midnight on 17 April due to technical upgrade: RBI

RTGS to remain unavailable for 14 hrs from midnight on 17 April due to technical upgrade: RBI
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RTGS to remain unavailable for 14 hrs from midnight on 17 April due to technical upgrade: RBI

RTGS to remain unavailable (*14*) 14 hrs (*17*) midnight on 17 April due to technical upgrade: RBI

The favorite National Electronic Funds Transfer or NEFT (*14*) finance transfers of upward to Rs 2 lakh will last to be usable as normal throughout this period

RTGS to remain unavailable for 14 hrs from midnight on 17 April due to technical upgrade: RBI

Representational image. Reuters.

Mumbai: The RTGS (*14*) high-value trades will remain unavailable (*14*) 14 hours (*17*) midnight of both Saturday due technical upgrade to further enhance the tragedy recovery period of this machine, the RBI said in a statement.

the favorite National Electronic Funds Transfer or NEFT (*14*) finance transfers of upward to Rs two lakh will last to be usable as standard in this age.

A technical upgrade of RTGS, concentrated to improve the durability and to further enhance the Disaster Retrieval Timing of this RTGS system) is scheduled following the closing of business 16 April, the Reserve Bank of India said on Monday.

“Hence, RTGS service won’t be accessible (*17*) 00:00 hrs to 14.00 hrs on Sunday, 18 April, 2021,” that the RBI said.

It said banks can inform their clients to plan their repayment operations so.

The RTGS center was made accessible on nowadays (*17*) 14 December, making India one of those very few states to operate the machine 24×7.

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