Extension of RTGS Time Window: RTGS Window will open from 8.00 am to 08.00 pm from December 29, 2014

RTGS Timimng in IndiaIt has been the endeav­or of the Reserve Bank of India to keep enhanc­ing the sys­tems, pro­ce­dures, etc. to meet the grow­ing needs of the markets/ cus­tomers. The launch of the new RTGS sys­tem in Octo­ber 2013 was one of the steps tak­en by the Bank for cater­ing to the grow­ing vol­ume and to pro­vide liq­uid­i­ty sav­ing and oth­er fea­tures of the new sys­tem to the members.

  1. Of late there has been a mar­ket demand for extend­ing busi­ness hours of the RTGS sys­tem to facil­i­tate cus­tomer and inter-bank trans­ac­tions as also to facil­i­tate oth­er mar­ket oblig­a­tions to set­tle in the RTGS sys­tem. Accord­ing­ly, the RTGS busi­ness hours are being revised to meet the mar­ket expectation.

  1. It has hence been decid­ed to advance RTGS busi­ness hours to 8:00 hours from 9.00 hours and extend clos­ing time of RTGS to 20.00 hours on week days. RTGS busi­ness win­dow will be open from 8.00 hours to 15.30 hours on Saturdays.
  1. In view of the above, the RTGS time win­dow will be mod­i­fied as under with effect from Decem­ber 29, 2014
 S. No. Dai­ly Events  Tim­ing on Week­days / Reg­u­lar Days  Tim­ing on Sat­ur­days / Short Days 
1. Open for Business 08:00 hours 08:00 hours
2. Ini­tial Cut-off 16:30 hours 14:00 hours
3. Final Cut-off 19:45 hours 15:00 hours
4. IDL Rever­sal 19:45 hours –20:00 hours -
5. End of Day 20:00 hours 15:30 hours

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