Finally, privacy and security are guaranteed.” The RTGS System will facilitate large value inter-bank payment and settlement in real time online mode on a transaction by transaction basis. It will enhance systemic efficiency and minimise the existing settlement risks. In fact, the RTGS System the world over has come to be regarded as the sine qua non of every advanced economy.
Friends, a lot of spade work has to be done before the RTGS System could be introduced.