This would in turn add 12 to15 million transactions to the payment systems over and above the transactions already being processed on a daily basis. RBI is seized of this challenge and is already contemplating measures to strengthen the payment system infrastructure at the processing sites.
However, this alone would not be sufficient unless and otherwise banks are in readiness to handle the increased volume of transactions. Banks could argue that a good percentage of such transactions could be intrabank would not be part of inter-bank payment systems. However, irrespective of the nature of transactions such transactions would ultimately hit the Core Banking Solution (CBS) implemented in banks.