RTGS are designed for large payments. In China, CNAPS (China National Advanced Payment System) is for Renminbi settlement, closing at 5pm. In India, the system is the RBI RTGS system (minimum transaction size is 1 lakh, recently reduced from 2 lakhs). This closes at 4.30pm on weekdays. The UK RTGS system closes at 4.20pm. Singapore's MAS RTGS operates till 6.30pm. The system is called MEPS (MAS Electronic Payment System).
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