Domestic
PAYMENTS SIGNAL · REFERENCE CARDAn India RTGS transfer (Reserve Bank of India)
A high-value rupee payment settles one transaction at a time across the banks' accounts at the Reserve Bank of India, in real time and with finality — no netting, no waiting for a batch.
Actors
- Bank Alfa (remitting bank)bank
- RTGS (Reserve Bank of India)infrastructure
- Reserve Bank of India (settlement)infrastructure
- Nordbank (beneficiary bank)bank
Messages
No standard message — a book / internal transfer.
The sequence
| # | Step | Route | Kind |
|---|---|---|---|
| 1 | RTGS instruction — Bank Alfa submits the RTGS transfer | Bank Alfa → RTGS | message |
| 2 | Balance check — RTGS checks Bank Alfa's settlement balance | RTGS | internal |
| 3 | Gross settlement — The RBI settles the payment in real time | Bank Alfa → Nordbank | settlement |
| 4 | Credit advice — Nordbank is advised of the settled payment | RBI → Nordbank | message |
| 5 | Credit beneficiary — Nordbank credits the beneficiary | Nordbank | posting |
Exception rails
| Rail | Trigger | Where the money ends up | Next action |
|---|---|---|---|
| Queued until funds arrive | At the moment the message is checked, Bank Alfa's settlement account at the Reserve Bank does not hold INR 5,00,000.00. | The beneficiary is paid only once Bank Alfa's settlement account is funded and the queued transfer settles. · Settlement waited on liquidity — the payment stayed queued, not rejected, until the settlement account was covered. | Bank Alfa — Bank Alfa manages its intraday liquidity so high-value RTGS transfers do not sit in the queue. |