Scribd Logo
Upload

Welcome to Scribd!

  • RTGS Timing Extension

    Uploaded by

    Tripura Sundari
    13 views2 pages
    The Reserve Bank of India has extended the timings for customer transactions in the Real Time Gross Settlement (RTGS) system from 4:30 pm to 6:00 pm effective June 1, 2019. The time window for RTGS will now be from 8:00 am to 8:00 pm, with customer transactions allowed until 6:00 pm and inter-bank transactions until 7:45 pm. Additionally, the time-varying charges for RTGS transactions from 1:00 pm to 6:00 pm have been increased to Rs. 5 per outward transaction. This directive is issued under the Payment and Settlement Systems Act of 2007.

    Original Description:

    RBI Extended the Timings of RTGS Facility W.E.F 01.06.2019

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The Reserve Bank of India has extended the timings for customer transactions in the Real Time Gross Settlement (RTGS) system from 4:30 pm to 6:00 pm effective June 1, 2019. The time window for RTGS will now be from 8:00 am to 8:00 pm, with customer transactions allowed until 6:00 pm and inter-bank transactions until 7:45 pm. Additionally, the time-varying charges for RTGS transactions from 1:00 pm to 6:00 pm have been increased to Rs. 5 per outward transaction. This directive is issued under the Payment and Settlement Systems Act of 2007.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    13 views2 pages

    RTGS Timing Extension

    Uploaded by

    Tripura Sundari
    The Reserve Bank of India has extended the timings for customer transactions in the Real Time Gross Settlement (RTGS) system from 4:30 pm to 6:00 pm effective June 1, 2019. The time window for RTGS will now be from 8:00 am to 8:00 pm, with customer transactions allowed until 6:00 pm and inter-bank transactions until 7:45 pm. Additionally, the time-varying charges for RTGS transactions from 1:00 pm to 6:00 pm have been increased to Rs. 5 per outward transaction. This directive is issued under the Payment and Settlement Systems Act of 2007.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 2

    RBI/2018-19/189

    DPSS (CO) RTGS No. 2488/04.04.016/2018-19 May 28, 2019

    The Chairman / Managing Director / Chief Executive Officer


    of member banks participating in RTGS

    Madam / Dear Sir,

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

    A reference is invited to circular DPSS (CO) RTGS No.492/04.04.002/2015-16 dated


    September 1, 2015 on ‘Changes in RTGS time window’ and circular DPSS (CO) RTGS
    No.1926/04.04.002/2015-16 dated February 4, 2016 on ‘RTGS service charges for members
    and customers - Rationalisation’.

    2. It 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 ` 5 per outward transaction. The time varying charges structure is as under:

    Sr. No. Time of Settlement at the Time varying charge per outward
    Reserve Bank of India transaction
    From To (in addition to flat processing
    charge) (exclusive of tax, if any)
    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

    भुगतान और िनपटान �णाली िवभाग, क� �ीय कायार्लय, 14वीमंिजल, क� �ीय कायार्लय भवन,शहीद भगत�संह मागर्, फोटर्, मुम्बई - 400001
    फोनTel: (91-22) 2264 4995; फै क्सFax: (91-22) 22691557; ईमेल-e-mail : cgmdpssco@rbi.org.in

    Department of Payment and Settlement Systems, Central Office, 14th Flr, Central Office Building, Shahid Bhagat Singh Road, Fort, Mumbai -
    400001

    �हंदी आसान है , इसका �योग बढ़ाइए


    4. This directive is issued under Section 10 (2) read with Section 18 of Payment and
    Settlement Systems Act 2007 (Act 51 of 2007).

    Yours faithfully,

    (Sangeeta Lalwani)

    General Manager (Officer in Charge)

    You might also like