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

Real Time Gross Settlement (RTGS) System – Extension of Timings for Customer Transactions
RBI vide its notification RBI/2018-19/189 DPSS (CO) RTGS No. 2488/04.04.016/2018-19 dated 28.05.2019 announced that to extend the timings for customer transactions (initial cut-off) in RTGS time window from 4:30 pm to 6:00 pm. with effect from June 01.06.2019 which will be asunder. 
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
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