Hence, integrating semiurban and rural areas into the electronic clearing system was critical". I agree that the coverage of the RTGS undoubtedly needs to be expanded over a period. This would require upscaling of its operations in terms of capacity and speed, for which efficient and effective transition to the RTGS system and its stabilisation would be essential.
It is necessary to explore all the issues in a comprehensive manner that would arise in rapid upscaling of RTGS in our country. Further, several strategic measures may be necessary to popularise and encourage the use of the RTGS by the financial intermediaries, consistent with the efficacy and capacity of the RTGS system.