July 9: The RTGS (Real Time Gross Settlement) system will remain open all day on this Friday and Saturday as well. The Payments System Department of Nepal Rastra Bank issued a notice on Thursday stating that RTGS transactions will continue throughout the day on July 9 and 10.

According to the Payments System Department, this provision has been made there will be a lot of transactions with the current fiscal year coming to an end in mid-July. Therefore, the time for clearance of taxes and settlement of other financial issues has been extended to prevent delay in the payment.

The central bank stated that they received complaints regarding lack of time for transaction which is higher towards the end of the fiscal year. Hence, the RTGS will continue to operate full day on Friday and Saturday.

Such services were being provided by banks and financial institutions till 2 pm due to the prohibitory orders.

A minimum of Rs 200,000 and more can be paid immediately through RTGS.