The RBI notified extension of the timings for customer transactions (initial cut-off) in RTGS from 4:30 pm to 6:00 pm. Under Real Time Gross Settlement (RTGS) System, there is a continuous and real-time settlement of fund-transfers, individually on a transaction by transaction basis (without netting).
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2MfT7My
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