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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:
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Sr.
No.
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Event
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Time
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1.
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Open for Business
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08:00 hours
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2.
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Customer transactions (Initial
Cut-off)
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18:00 hours
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3.
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Inter-bank transactions (Final
Cut-off)
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19:45 hours
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4.
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IDL Reversal
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19:45 hours - 20:00 hours
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5.
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End of Day
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20:00 hours
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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:
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Sr.
No.
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Time
of Settlement at the Reserve Bank of India
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Time
varying charge per outward transaction
(in addition to flat processing charge) (exclusive of tax, if any)
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From
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To
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1
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08:00 hours
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11:00 hours
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Nil
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2
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After 11:00 hours
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13:00 hours
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? 2.00
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3
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After 13:00 hours
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18:00 hours
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? 5.00
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4
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After 18:00 hours
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? 10.00
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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)
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