The Reserve Bank of India announced in a statement on Monday that the Real-Time Gross Settlement (RTGS) service will not be offered for 14 hours on April 18 (Sunday) due to a technical upgrade. The central bank also noted that the National Electronic Fund Transfer (NEFT) services will continue to remain operational during this period.
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. Accordingly, RTGS service will not be available from 00:00 hrs to 14.00 hrs on Sunday, April 18, 2021. The NEFT system will continue to be operational as usual during this period,” a statement from RBI said.
