Profit Sheets

RTGS Services: Bank update! RTGS will not work between these dates

May 17, 2021 07:48 PM

RTGS Services, Bank update! RTGS will not work between these dates
RTGS Services, Neft (National Electronic Funds Transfer) services for online transactions will be disrupted. The Reserve Bank of India (RBI) today announced on Twitter

RTGS Services, Neft (National Electronic Funds Transfer) services for online transactions will be disrupted. The Reserve Bank of India (RBI) today announced on Twitter that the services will not be available for 14 hours next Sunday. Revealed that these services will be suspended due to technical reasons.

“We are carrying out technical updates on the software after the close of business on May 22 to further improve Neft ‘performance. Therefore, NEFT‌ services will not be available from 00.01 pm on May 23 (i.e. from 12 midnight on May 22) until 2 pm. However, RTGS services will continue as usual, ”the RBI said. The respective banks will inform their customers on this.

RTGS Services: On April 18, the Reserve Bank undertook a similar technical upgrade in the RTGS technology system. It is learned that RBI has made Neptune services available 24 × 7 hours from December 2019.

Also Read: Stock Market Indices: The art of profit for indices

The Reserve Bank of India (RBI) has notified that bank users will not be able to use the real-time gross settlement (RTGS) after the close of business hours on April 17, 2021, to 2 pm on Sunday, April 18, 2021. India’s Central Bank has cited technical upgrade of its RTGS facility as the reason behind this temporary shut down.

In its official statement, the RBI said, “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”.

The RBI has also directed banks to inform their customers so that they can plan their payment operations accordingly. In the meanwhile, users can take advantage of the National Electronic Fund Transfer (NEFT) service to facilitate their funds during this period.

Leave a comment


Intraday Tips
Stock Name Open Price Trend Details
Reliance 1930.10 Buy Click Here
Asian Paints 2577.00 Buy Click Here
HDFC 2448.00 Buy Click Here
HDFCAMC 2790.00 Buy Click Here
TCS 3120.00 Buy Click Here



NSE Top Gainers/Losers
COMPANY LTP %CHNG VOLUME
INFY
1,417.90
2.03
32,77,464
TECHM 1,053.80
1.88
16,05,542
BRITANNIA 3,606.00 1.79 3,03,919
TATACONSUM 711.50
1.65
23,85,952
HCLTECH 963.70 1.48 19,76,931
COMPANY LTP %CHNG VOLUME
HINDALCO
384.10
-2.76
74,44,638
JSWSTEEL 697.80 -2.51 37,24,317
TATASTEEL 1,106.65
-1.95
45,67,284
COALINDIA 153.80
-1.57
53,97,691
SBIN
425.65
-1.53 93,71,553