RTGS facility to be unavailable for 14 hours on April 18. Here's why

RTGS facility to be unavailable for 14 hours on April 18. Here’s why
RTGS fund transfer facility will not be available for 14 hours on April 18, said the Reserve Bank of India. The central bank has asked its member banks to notify the same to their customers. Here is all you need to know:
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UPDATED: April 16, 2021 13:35 IST
Bank customers will be able to use NEFT payment facility during the RTGS downtime. (Photo: Reuters/Representational image)
The Reserve Bank of India (RBI) recently announced that Real-Time Gross Settlement (RTGS) fund transfer facility will be unavailable for 14 hours on Sunday. The central bank said that the facility will be unavailable due to a technical upgrade to enhance the system.

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