How does RTGS maintain the confidentiality of my financial information?

RTGS maintains the confidentiality of your financial information through various security measures. When you initiate an RTGS transaction, the communication between your bank and the RBI's system is encrypted using industrystandard SSL encryption. Additionally, your bank verifies your identity through various methods, such as passwords, PINs, or biometric authentication, to ensure that only you can initiate the transaction. The beneficiary's bank also verifies their identity before crediting the funds to their account.

Furthermore, the Reserve Bank of India has issued guidelines for banks to ensure the security and confidentiality of customer data. These guidelines require banks to implement various security measures, such as firewalls, intrusion detection and prevention systems, and regular security audits, to protect customer information from unauthorized access or disclosure.