{"id":240620,"date":"2020-12-14T09:59:15","date_gmt":"2020-12-14T04:29:15","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=240620"},"modified":"2020-12-14T10:17:04","modified_gmt":"2020-12-14T04:47:04","slug":"rbi-india-becomes-one-of-the-few-countries-in-the-world-to-operate-its-rtgs-system-round-the-clock-throughout-the-year","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2020\/12\/14\/rbi-india-becomes-one-of-the-few-countries-in-the-world-to-operate-its-rtgs-system-round-the-clock-throughout-the-year\/","title":{"rendered":"RBI | India becomes one of the few countries in the world to operate its RTGS system round the clock throughout the year"},"content":{"rendered":"

Reserve Bank had announced in the\u00a0Statement on Developmental and Regulatory Policies dated October 09, 2020<\/a>, that the Real Time Gross Settlement System (RTGS) will be available round the clock on all days of the year. Accordingly, RTGS 24x7x365 was launched with effect from 00:30 hours on December 14, 2020.<\/p>\n

India became one of the few countries in the world to operate its RTGS system round the clock throughout the year. This comes within a year of operationalising NEFT 24×7 by the Reserve Bank.<\/p>\n

RTGS, which began its operations on\u00a0March 26, 2004<\/a>, with a soft launch involving four banks, presently handles 6.35 lakh transactions daily for a value of \u20b94.17 lakh crore across 237 participant banks. The average ticket size for RTGS in November 2020 was \u20b957.96 lakh making it a truly large-value payment system. RTGS uses ISO 20022 format which is the best-in-class messaging standard for financial transactions. The feature of positive confirmation for credit to beneficiary accounts is also available in RTGS.<\/p>\n

Round the clock availability of RTGS will provide extended flexibility to businesses for effecting payments and will enable the introduction of additional settlement cycles in ancillary payment systems. This can also be leveraged to enhance operations of Indian financial markets and cross-border payments.<\/p>\n

\n

Reserve Bank of India<\/strong><\/p>\n

[Press Release dt. 09-12-2020]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Reserve Bank had announced in the\u00a0Statement on Developmental and Regulatory Policies dated October 09, 2020, that the Real Time Gross Settlement System <\/p>\n","protected":false},"author":8808,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1188,2],"tags":[44456,31142,44458,44457,36388,2611,36389],"class_list":["post-240620","post","type-post","status-publish","format-standard","hentry","category-hot_off_the_press","category-news","tag-24-x-7","tag-business","tag-cross-border-payments","tag-flexibility","tag-neft","tag-RBI","tag-rtgs"],"yoast_head":"\nRBI | India becomes one of the few countries in the world to operate its RTGS system round the clock throughout the year | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2020\/12\/14\/rbi-india-becomes-one-of-the-few-countries-in-the-world-to-operate-its-rtgs-system-round-the-clock-throughout-the-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBI | India becomes one of the few countries in the world to operate its RTGS system round the clock throughout the year\" \/>\n<meta property=\"og:description\" content=\"Reserve Bank had announced in the\u00a0Statement on Developmental and Regulatory Policies dated October 09, 2020, that the Real Time Gross Settlement System\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2020\/12\/14\/rbi-india-becomes-one-of-the-few-countries-in-the-world-to-operate-its-rtgs-system-round-the-clock-throughout-the-year\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-14T04:29:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-12-14T04:47:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/07\/reserve-bank-of-india-rbi-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1330\" \/>\n\t<meta property=\"og:image:height\" content=\"887\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bhumika Indulia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bhumika Indulia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/12\\\/14\\\/rbi-india-becomes-one-of-the-few-countries-in-the-world-to-operate-its-rtgs-system-round-the-clock-throughout-the-year\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/12\\\/14\\\/rbi-india-becomes-one-of-the-few-countries-in-the-world-to-operate-its-rtgs-system-round-the-clock-throughout-the-year\\\/\"},\"author\":{\"name\":\"Bhumika Indulia\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/919ec47cc1b871b362af05740398033a\"},\"headline\":\"RBI | India becomes one of the few countries in the world to operate its RTGS system round the clock throughout the year\",\"datePublished\":\"2020-12-14T04:29:15+00:00\",\"dateModified\":\"2020-12-14T04:47:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/12\\\/14\\\/rbi-india-becomes-one-of-the-few-countries-in-the-world-to-operate-its-rtgs-system-round-the-clock-throughout-the-year\\\/\"},\"wordCount\":227,\"commentCount\":0,\"keywords\":[\"24 X 7\",\"business\",\"Cross-Border Payments\",\"Flexibility\",\"NEFT\",\"RBI\",\"RTGS\"],\"articleSection\":[\"Hot Off The Press\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/12\\\/14\\\/rbi-india-becomes-one-of-the-few-countries-in-the-world-to-operate-its-rtgs-system-round-the-clock-throughout-the-year\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/12\\\/14\\\/rbi-india-becomes-one-of-the-few-countries-in-the-world-to-operate-its-rtgs-system-round-the-clock-throughout-the-year\\\/\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/12\\\/14\\\/rbi-india-becomes-one-of-the-few-countries-in-the-world-to-operate-its-rtgs-system-round-the-clock-throughout-the-year\\\/\",\"name\":\"RBI | India becomes one of the few countries in the world to operate its RTGS system round the clock throughout the year | SCC Times\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#website\"},\"datePublished\":\"2020-12-14T04:29:15+00:00\",\"dateModified\":\"2020-12-14T04:47:04+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/919ec47cc1b871b362af05740398033a\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/12\\\/14\\\/rbi-india-becomes-one-of-the-few-countries-in-the-world-to-operate-its-rtgs-system-round-the-clock-throughout-the-year\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/12\\\/14\\\/rbi-india-becomes-one-of-the-few-countries-in-the-world-to-operate-its-rtgs-system-round-the-clock-throughout-the-year\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/12\\\/14\\\/rbi-india-becomes-one-of-the-few-countries-in-the-world-to-operate-its-rtgs-system-round-the-clock-throughout-the-year\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"RBI | India becomes one of the few countries in the world to operate its RTGS system round the clock throughout the year\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/919ec47cc1b871b362af05740398033a\",\"name\":\"Bhumika Indulia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/84c1b51748d0297cf12e5a898eccb7bd3eb5f0ab4ae8e275e2e65c4c83f84740?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/84c1b51748d0297cf12e5a898eccb7bd3eb5f0ab4ae8e275e2e65c4c83f84740?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/84c1b51748d0297cf12e5a898eccb7bd3eb5f0ab4ae8e275e2e65c4c83f84740?s=96&d=mm&r=g\",\"caption\":\"Bhumika Indulia\"},\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/author\\\/editor_1\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"RBI | India becomes one of the few countries in the world to operate its RTGS system round the clock throughout the year | SCC Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2020\/12\/14\/rbi-india-becomes-one-of-the-few-countries-in-the-world-to-operate-its-rtgs-system-round-the-clock-throughout-the-year\/","og_locale":"en_US","og_type":"article","og_title":"RBI | India becomes one of the few countries in the world to operate its RTGS system round the clock throughout the year","og_description":"Reserve Bank had announced in the\u00a0Statement on Developmental and Regulatory Policies dated October 09, 2020, that the Real Time Gross Settlement System","og_url":"https:\/\/www.scconline.com\/blog\/post\/2020\/12\/14\/rbi-india-becomes-one-of-the-few-countries-in-the-world-to-operate-its-rtgs-system-round-the-clock-throughout-the-year\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2020-12-14T04:29:15+00:00","article_modified_time":"2020-12-14T04:47:04+00:00","og_image":[{"width":1330,"height":887,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/07\/reserve-bank-of-india-rbi-.jpg","type":"image\/jpeg"}],"author":"Bhumika Indulia","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Bhumika Indulia","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/12\/14\/rbi-india-becomes-one-of-the-few-countries-in-the-world-to-operate-its-rtgs-system-round-the-clock-throughout-the-year\/#article","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/12\/14\/rbi-india-becomes-one-of-the-few-countries-in-the-world-to-operate-its-rtgs-system-round-the-clock-throughout-the-year\/"},"author":{"name":"Bhumika Indulia","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a"},"headline":"RBI | India becomes one of the few countries in the world to operate its RTGS system round the clock throughout the year","datePublished":"2020-12-14T04:29:15+00:00","dateModified":"2020-12-14T04:47:04+00:00","mainEntityOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/12\/14\/rbi-india-becomes-one-of-the-few-countries-in-the-world-to-operate-its-rtgs-system-round-the-clock-throughout-the-year\/"},"wordCount":227,"commentCount":0,"keywords":["24 X 7","business","Cross-Border Payments","Flexibility","NEFT","RBI","RTGS"],"articleSection":["Hot Off The Press","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.scconline.com\/blog\/post\/2020\/12\/14\/rbi-india-becomes-one-of-the-few-countries-in-the-world-to-operate-its-rtgs-system-round-the-clock-throughout-the-year\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/12\/14\/rbi-india-becomes-one-of-the-few-countries-in-the-world-to-operate-its-rtgs-system-round-the-clock-throughout-the-year\/","url":"https:\/\/www.scconline.com\/blog\/post\/2020\/12\/14\/rbi-india-becomes-one-of-the-few-countries-in-the-world-to-operate-its-rtgs-system-round-the-clock-throughout-the-year\/","name":"RBI | India becomes one of the few countries in the world to operate its RTGS system round the clock throughout the year | SCC Times","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"datePublished":"2020-12-14T04:29:15+00:00","dateModified":"2020-12-14T04:47:04+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a"},"breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/12\/14\/rbi-india-becomes-one-of-the-few-countries-in-the-world-to-operate-its-rtgs-system-round-the-clock-throughout-the-year\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2020\/12\/14\/rbi-india-becomes-one-of-the-few-countries-in-the-world-to-operate-its-rtgs-system-round-the-clock-throughout-the-year\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/12\/14\/rbi-india-becomes-one-of-the-few-countries-in-the-world-to-operate-its-rtgs-system-round-the-clock-throughout-the-year\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"RBI | India becomes one of the few countries in the world to operate its RTGS system round the clock throughout the year"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a","name":"Bhumika Indulia","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/84c1b51748d0297cf12e5a898eccb7bd3eb5f0ab4ae8e275e2e65c4c83f84740?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/84c1b51748d0297cf12e5a898eccb7bd3eb5f0ab4ae8e275e2e65c4c83f84740?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/84c1b51748d0297cf12e5a898eccb7bd3eb5f0ab4ae8e275e2e65c4c83f84740?s=96&d=mm&r=g","caption":"Bhumika Indulia"},"url":"https:\/\/www.scconline.com\/blog\/post\/author\/editor_1\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/240620","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=240620"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/240620\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=240620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=240620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=240620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}