RTGS Transactions - ਆਰਬੀਆਈ - Reserve Bank of India
RTGS Transactions
RBI/2008/09/426 |
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DPSS (CO) RTGS No. 1776 / 04.04.002 / 2008 - 2009 | |||||||||
April 8, 2009
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Chairman and Managing Director / |
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Dear Sir, |
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RTGS Transactions |
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The volume of RTGS transactions is increasing rapidly. RTGS settled 1.94 million transactions in the month of March 2009 as against 0.72 million transactions in March 2008. Customer transactions settling in RTGS presently constitute 89 percent of total RTGS transactions and are growing. At a recent meeting with major banks, we reviewed the entire gamut of RTGS customer transactions with a view to making them more user friendly. Based on these discussions, the following decisions have been taken for implementation by RTGS members. |
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Field tag 5500 | |||||||||
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Field tag 5561 | |||||||||
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3. We understand that while some of the banks are furnishing the required details in the messages, others have not yet implemented the guidelines. It is therefore once again reiterated that in a Straight Through Processing (STP) environment, standardization is very much necessary and uniformity in message format is a pre requisite for the success of STP. |
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Yours faithfully, |
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(G. Padmanabhan) |
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Chief General Manager |