The Reserve Bank of India (RBI) announced on Monday that the Real-Time Gross Settlement (RTGS) service will not be available 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.
“Accordingly, RTGS service will not be available from 00:00 hrs to 14.00 hrs on Sunday, April 18, 2021,” the RBI said. 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.
RBI also asked the member banks to notify the customers, asking them to plan their transactions accordingly. “Member banks may inform their customers to plan their payment operations accordingly. RTGS Members will continue to receive event update(s) through system broadcasts,” it said in the statement.
The RTGS facility was made available round-the-clock on all days from December 14 last year, making India one of the few countries to operate the system 24×7.