This
has been done in view of:-
- the expected huge volumes on 31stMar 2012,
- 31st Mar 2012 being the last working day for financial institutions
- 31st March 2012 being a Saturday
Reserve
Bank of India, DPSS has announced that RTGS will be open up-to 20.00hrs for Customer Transactions and
upto 22.00hrs for Inter-Bank
Transactions.
The
announcement has been made in advance to enable all the participants
I.e Bank Branches, Bank's customers, Bank's Staff, IT Support to be
prepared for the extended window.
Bank's
Treasury usually does not function on Saturday, but on 31st
March 2012, have to make an exception, and be tracking the RTGS
Outwards/Inwards of their respective banks.
RBI
by announcing the extended timings two days earlier has demonstrated
its willingness to go the extra mile, to ensure customer delight.
Now,
it is up to the Bank's customers to make the best of this extension.
4
top advantages of this extension :
- No last minute surprises for the Participants.
- Resources can be planned better, either by Banks or the Bank's customers.
- Piling up of messages at the various Payment Gateways will be minimized.
- Encourage customers to migrate to Safe ePayments
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