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As per the recent announcement of the RBI, which service is to be made available round the clock from December 2020?

Answer :

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RTGS


The acronym ‘RTGS‘ stands for Real Time Gross Settlement.

Real-time gross settlement systems are specialist funds transfer systems where the transfer of money or securities takes place from one bank to any other bank on a “real-time” and on a “gross” basis. Wikipedia

As per Reserve Bank of India (RBI), Online transfer of funds through RTGS will now be available round-the-clock from December.

The step is being taken by RBI to facilitate innovations in the large-value payments ecosystem and promote ease of doing business

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