Hit by technical glitch for 12 hrs, RTGS, NEFT transactions restored at RBI

Transactions via NEFT and RTGS were affected for almost 12 hours beginning Monday midnight

Transactions via National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS), which were affected for almost 12 hours beginning Monday midnight due to a technical glitch at the Reserve Bank of India, have been restored to normalcy. According to The Hindu Businessline, the problem seemed to have been encountered by Indian Financial Technology & Allied Services (IFTAS), a RBI subsidiary, when moving the disaster recovery site from one location to another.

“We are trying to complete the end-of-day for RTGS transactions of the previous day. The start-of-day for RTGS has not happened. NEFT transactions have now been restored,”