Real-Time Gross Settlement
24/7 high-value settlement for India’s banking ecosystem. Montran’s RTGS solution enables secure, real-time processing of high-value payments, aligned with RBI’s RTGS framework.
How It Works
Montran’s RTGS solution provides a centralized platform for real-time, high-value fund transfers aligned with the Reserve Bank of India’s RTGS framework. It integrates seamlessly with core banking and clearing systems, supporting multi-channel connectivity, message transformation, and end-to-end processing.
Built on a scalable service-oriented architecture, the solution enables efficient liquidity and limit management, virtual account processing, real-time dashboards, and strong interoperability across banking channels.
Designed for 24/7 operations, it supports ISO 20022 standards and integrates seamlessly with core banking systems and payment hubs, enabling straight-through processing, real-time monitoring, and strong regulatory compliance.
Key Capabilities
ISO 20022 Compliance (RBI Mandate)
Complete and comprehensive adherence to ISO 20022 message formats and standards as mandated and required by the Reserve Bank of India.
Customer-to-Customer & Bank-to-Bank Payments
Supports and facilitates both retail customer-to-customer payments as well as interbank bank-to-bank RTGS transaction flows and settlement operations.
Multi-Channel 
Support for Payments
Provides comprehensive integration via Message Queue (MQ), Web Services, Host-to-Host/Secure File Transfer Protocol (H2H/SFTP), and Web UI payment entry methods.
Core Banking Integration for Ledger Accounting
Seamless integration with Core Banking Systems (CBS) while carefully avoiding potential account locking issues through the implementation of shadow accounting mechanisms.
Results + Impact
High-Value Payments/Day
1.9M+
RTGS transactions processed daily across India’s banking system, supporting time-critical, high-value fund transfers.
Platform Highlights
Liquidity, Limit & Shadow Accounting
Built-in tools and capabilities designed for effective liquidity management and enhanced operational efficiency across the payment processing workflow.
Virtual Account Transaction Processing
Enables comprehensive Virtual Account processing capabilities with full Virtual Account Collection Platform (VACP) configuration and setup support.
Sub-Member and RRB Integration
Supports integration with Regional Rural Banks (RRBs) and sub-member institutions to enable their participation in the RTGS network through the main member bank.
Validation & Name Matching
Provides comprehensive support for inward payment validations and implements automated matching logic to ensure accuracy and compliance.
Client Success
A central bank in the Middle East replaced its legacy RTGS system with Montran’s platform — and commercial banks soon followed. Rajesh Nair, Associate Director of Client Relations, shares how Montran delivered full automation, eliminated manual processes, and met strict go-live timelines in as little as two months.
FAQs
01
What is Real-Time Gross Settlement (RTGS)?
RTGS is a payment system that enables real-time, irrevocable settlement of high-value interbank and customer transactions on a gross basis, in line with the Reserve Bank of India’s RTGS framework.
02
How does RTGS differ from NEFT?
RTGS processes high-value transactions individually and in real time, whereas NEFT settles transactions in batches at defined intervals.
03
Is RTGS available 24/7?
Yes. RTGS operates 24x7x365, enabling banks to process high-value payments at any time.
04
Does Montran’s RTGS solution support ISO 20022?
Yes. The platform supports ISO 20022 messaging standards and aligns with RBI requirements and evolving global payment frameworks.
