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connectRTGS

 

Real Time Gross Settlement (RTGS) system supports the processing of high value and urgent transactions between the participating BFIs and for settlement of systemically important payment systems on net settlement basis. It provides immediate realization of funds and minimizes the settlement risk of the other payment systems. The central RTGS system is implemented and hosted by Nepal Rastra Bank (NRB).

connectRTGS is an integration component for integrating banks & financial institutions’ (BFI) internal system with the RTGS system hosted by NRB. It is a gateway to enable the BFIs to initiate and process RTGS transactions. It has outward module to initiate outgoing transactions and inward module to process incoming transactions from RTGS system. It is integrated with the bank’s system to enable full STP for the banks in order to comply with the SLA of the RTGS system prescribed by NRB.

It has been provided to majority of the commercial banks and will be extended to the development banks and finance companies in the later phase.

Refer to RTGS Operating Procedure issued by NRB for business day schedule, limits and other details about RTGS system. Or contact your bank for initiating RTGS transaction or for further details.