A bank settles a high-value interbank payment through the RTGS system. Under the Payment and Settlement Systems Act, 2007, once the settlement has taken place it is:

The Payment and Settlement Systems Act, 2007, establishes the legal framework for the regulation and supervision of payment systems in India and designates the Reserve Bank of India as the authority over them. A defining feature of the Act is the finality of settlement achieved in a system such as RTGS or NEFT: once a settlement has taken place, it is final and irrevocable and cannot be reversed by the system provider or a participant, nor disturbed by an order of a court or tribunal in respect of the settled instructions. This settlement-finality protection, found in Sections 22 and 23, is what gives certainty to interbank credit transfer. Provisional credits, complaint-based reversals or end-of-day reconciliation contradict the statutory scheme of conclusive, irrevocable settlement.