Real Time Gross Settlement (RTGS) System – Extension of Timings for Customer Transactions
RBI has revised the RTGS time window with effect from June 01, 2019 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 |
3. 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:
Sr. 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 |
Source: rbi.org.in- (https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11564&Mode=0)
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