RBI extends RTGS Timings for Customer Transactions from 4:30 pm to 6:00 pm from 1st June 2019

RBI extends RTGS Timings for Customer Transactions from 4:30 pm to 6:00 pm from 1st June 2019

Real Time Gross Settlement (RTGS) System – Extension of Timings for Customer Transactions

As per RBI notification, timings for customer transactions (initial cut-off) in RTGS shall be extended from 4:30 pm to 6:00 pm.

The RTGS time window with effect from June 01, 2019 will be as under:

Sr. No. Event Time
1. Open for Business 08:00 hours
2. Customer transactions (Initial Cut-off) 18:00 hours
3. Inter-bank transactions (Final Cut-off) 19:45 hours
4. IDL Reversal 19:45 hours – 20:00 hours
5. End of Day 20:00 hours

However, the time-varying charges for transactions in RTGS from 13:00 hours to 18:00 hours shall be ₹ 5 per outward transaction. The time varying charges structure is as under:

No. Time of Settlement at the Reserve Bank of India Time varying charge per outward transaction
(in addition to flat processing charge) (exclusive of tax, if any)
From To
1 08:00 hours 11:00 hours Nil
2 After 11:00 hours 13:00 hours ₹ 2.00
3 After 13:00 hours 18:00 hours ₹ 5.00
4 After 18:00 hours ₹ 10.00

Download RBI Notification Click Here >>

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