RTGS services won’t be available for 14 hours on April 18 due to technical upgrade: RBI
3 years, 8 months ago

RTGS services won’t be available for 14 hours on April 18 due to technical upgrade: RBI

Hindustan Times  

The Reserve Bank of India announced on Monday that the Real-Time Gross Settlement service will not be available for 14 hours on April 18 due to a technical upgrade. “A technical upgrade of RTGS, targeted to enhance the resilience and to further improve the Disaster Recovery Time of the RTGS system, is scheduled after the close of business of April 17, 2021. On April 7, the central bank allowed for the direct membership of non-bank payment system operators in the Centralised Payment Systems. However, after the announcement, non-bank entities like Prepaid Payment Instrument issuers, Card Networks, White Label ATM operators, Trade Receivables Discounting System platforms would also be enabled to take direct membership in CPS.

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