Will be available for 12 hours to promote electronic payment transfer funds online new RBI Circular

Will be available for 12 hours to promote electronic payment transfer funds online new RBI Circular
Mumbai / RBI under the RTGS system is circular with respect to increasing business hours. Now transfer funds online on weekdays between 8 am and 8 pm will be. 3.30 pm Saturday from 8 am until the facility will get. The new arrangements will apply from December 29. RBI's aim is to promote electronic payment. Now is the moment the system Monday through southcountry Friday from 9 am to 4.30 pm and Saturday till two o'clock Allows transfer funds online. What's RTGS RBI to meet the growing needs of customers and to provide cash or real time gross settlement system in October 2013 began RTGS. This channel is two million dollars minimum to transfer money online. However, the minimum amount of Rs NEFT (National Electronic Funds Transfer) can be transferred through southcountry the line.
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