After NEFT, RBI is planning to make RTGS facility available 24X7

After making National Electronic Funds Transfer (NEFT) 24x7, the Reserve Bank of India (RBI) is planning to make its real-time gross settlement (RTGS) system become available round the clock, according to sources familiar with the matter. 

This could become a reality in a month or two, said a source. 

RTGS is used to transfer large sums, the minimum amount being Rs 2 lakh. This mode is used primarily to facilitate trade and market transactions. 

As of November, 229 banks, including scheduled commercial and cooperative banks, were offering this service with total value of transactions reaching Rs 86.8 trillion in November. 

Once this mode is