The Reserve Bank of India (RBI) has extended timings for customer transactions in the Real Time Gross Settlement (RTGS) system to 6 pm from 4:30 pm. This is set to come into effect from June 1, 2019.
The RTGS is an online fund transfer system which enables transmission on a real-time basis. The minimum amount for the transaction to be eligible as an RTGS transfer is Rs 2 lakh.
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