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Saturday, June 1, 2019

RTGS

Reserve Bank Of India
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.EventTime
1.Open for Business08:00 hours
2.Customer transactions (Initial Cut-off)18:00 hours
3.Inter-bank transactions (Final Cut-off)19:45 hours
4.IDL Reversal19:45 hours – 20:00 hours
5.End of Day20:00 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. NoTime of Settlement at the Reserve Bank of IndiaTime varying charge per outward transaction
(in addition to flat processing charge) (exclusive of tax, if any)
FromTo
108:00 hours11:00 hoursNil
2After 11:00 hours13:00 hours₹ 2.00
3After 13:00 hours18:00 hours₹ 5.00
4After 18:00 hours₹ 10.00
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,
sd/-
(Sangeeta Lalwani)
General Manager (Officer in Charge
Posted by at No comments:

LATEST 7TH CPC NEWS DOPT ORDERS FINMIN ORDERS RETIREMENT AGE CGHS You are here: Home / RBI / RTGS Fund Transfer Timing Extended – RBI Circular on 28.5.2019 RTGS Fund Transfer Timing Extended – RBI Circular on 28.5.2019

Reserve Bank Of India
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.EventTime
1.Open for Business08:00 hours
2.Customer transactions (Initial Cut-off)18:00 hours
3.Inter-bank transactions (Final Cut-off)19:45 hours
4.IDL Reversal19:45 hours – 20:00 hours
5.End of Day20:00 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. NoTime of Settlement at the Reserve Bank of IndiaTime varying charge per outward transaction
(in addition to flat processing charge) (exclusive of tax, if any)
FromTo
108:00 hours11:00 hoursNil
2After 11:00 hours13:00 hours₹ 2.00
3After 13:00 hours18:00 hours₹ 5.00
4After 18:00 hours ₹ 10.00
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,
sd/-
(Sangeeta Lalwani)
General Manager (Officer in Charge
Posted by at 1 comment:
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