24 hour RTGS to boost ease of doing business

Real-time gross settlement (RTGS) — a mechanism for high-value bank fund transfers — will be made available round-the-clock from December 2020 instead of just during daytime on working days. The move will improve ease of doing business in India as companies use this platform for payments and, with increased digitisation, commercial transactions are taking place throughout the day.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2I5CukP