RBI circular on RTGS System – Government Receipts
Nov 19, 2009 RBI
RTGS System – Government Receipts
As you are aware, the Reserve Bank of India has taken a series of initiatives in the recent past to facilitate electronic mode of funds transfers as a result of which the volume processed in RTGS and NEFT systems have grown substantially. It is observed that of late, certain banks have been accepting receipts to Government accounts through RTGS.
Read the rest of this entry »
Tags: electronic mode, funds transfers, government account, government accounts, government receipts, government rules, government transactions, interim arrangement, message transfer, neft, reserve bank of india