Reserve
Bank of India has advised All Scheduled Commercial Banks including
Regional Rural Banks/Urban Co-operative Banks / State Co-operative
Banks /District Central Co-operative Banks/Local Area Banks vide
Lr.dt.March 26, 2015 to be in readiness to participate in the
Centralised Payment Systems (RTGS and NEFT) on March 30-31, 2015
during the extended timings on March 30-31, 2015.
A
separate broadcast message in this regard will be issued through the
respective system indicating the extended time window.
The
extended timings for RTGS on March 30-31,2015 is 8.00 am to 10.30 pm.
The
extended timings are mainly to facilitate accounting of all the
Government transactions for the current financial year (2014-2015) by
March 31, 2015.
However
as the type of transactions cannot be controlled in the NEFT and RTGS
channel, normal customer transactions will also flow.
As
wide publicity is being given for the extended timings, it is
expected that a large number of high value transactions will flow in
this time slot.
This
extended window will put pressure on banks operations teams and
treasury teams. Operations team as they be continuously monitoring the
transactions flow.
Treasury
teams as they have to constantly monitor the liquidity management to minimize last minute surprises.
