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 | |
AO is under an obligation to duly consider the explanation furnished by the assessee and assign reasons for rejecting the…
CBIC issues SoP for clearance of imported goods through Foreign Post Offices under Postal Import Regulations, 2025. Standard Operating Procedure…
Sale deed executed with full knowledge of only part consideration paid, cannot be rendered void or inoperative merely for non…
No fault in serving notice u/s 148 to last known address when assessee had not updated change of address in…
Investment made by firm through capital introduced by partners cannot be treated as unexplained investment in the hands of the…
Multipurpose Empanelment Form (MEF)- 2026-27 is hosted - Last date for submission is 29.08.2026 ICAI has hosted the Multipurpose Empanelment…