2. At present, the RTGS system is available for customer transactions from 8:00 am to 6:00 pm and for inter-bank transactions from 8:00 am to 7:45 pm. In order to increase the availability of the RTGS system, it has been decided to extend the operating hours of RTGS and commence operations for customers and banks from 7:00 am.
3. The RTGS time window with effect from August 26, 2019 will, therefore, be as under:
Sr. No.
Event
Time
1.
Open for Business
07:00 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
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,
(P Vasudevan) Chief General Manager
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