T17 2019/06/20 19:12:1.334352 GMT+0530
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Extension of Timings for Customer Transactions for RTGS system

Reserve Bank of India has been decided to extend the timings for customer transactions (initial cut-off) in RTGS from 4:30 pm to 6:00 pm.

Reserve Bank of India has been decided to extend the timings for customer transactions (initial cut-off) in RTGS from 4:30 pm to 6:00 pm.

Accordingly, 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

3. The time-varying charges for transactions in RTGS from 13:00 hours to 18:00 hours shall be Rs 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 Rs 2.00
3 After 13:00 hours 18:00 hours Rs 5.00
4 After 18:00 hours Rs10.00

Source : RBI

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