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 | |
