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Continuous clearing by RBI Latest RBI Update 2025
What is the concept of 'continuous clearing' introduced by RBI in 2025?
Continuous clearing refers to RBI's mechanism where payment and settlement systems operate on a near-real-time basis throughout the day, eliminating fixed batch windows for interbank settlements.
What does 'continuous clearing' mean in the context of RBI's payment systems?
Settlement occurs in real-time without fixed batch windows.
Which RBI payment system was upgraded to support continuous clearing in 2025?
The Real Time Gross Settlement (RTGS) system was further enhanced under RBI's 2025 guidelines to support continuous clearing, ensuring round-the-clock availability for high-value transactions.
Which Indian payment system is considered the backbone of continuous clearing by RBI?
RTGS (Real Time Gross Settlement) system.
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