In a bid to give a push to digital payments, the Reserve Bank of India (RBI) allowed the transfer of funds through Real-Time Gross Settlement (RTGS) round-the-clock from December 14. RBI Governor Shaktikanta Das announced that the RTGS facility would become operational 24X7 from 12:30 am. “It has been decided “to make RTGS available round the clock on all days of the year with effect from 00:30 hours on December 14, 2020,” the RBI said. The RBI also decided to increase the limit for contactless card transactions to ₹5,000 from ₹2,000 at Point of Sale (PoS) terminals from January 1, 2021 in view of the COVID-19 pandemic and feedback from stakeholders. RTGS transactions undertaken after normal banking hours are expected to be automated using ‘Straight Through Processing (STP)’ modes.