Mumbai: Reserve Bank of India (RBI) will remain open on 1 July for services such as transfer of funds through NEFT and RTGS from 11am onwards. The apex bank said 1 July being a working Saturday, it has decided to remain open on that day. Services such as real time gross settlement (RTGS) and National Electronic Fund Transfer (NEFT) for sending funds and settlement of securities will be available from 11 am onwards. There will be no change in the timings of fixed rate reverse repo and marginal standing facility (MSF), RBI said. RTGS transactions, On the other hand, are processed continuously throughout the RTGS business hours.

Source: Mint June 29, 2017 14:03 UTC