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Saturday, January 10, 2009

RTGS-Extension of Timings on Saturday

Today Reserve Bank of India, has taken a vital step, towards increasing the volumes of RTGS Transactions on Saturday.

Reserve Bank of India, has extended the Customer timings applicable for Saturdays, from 12 noon, to 12.30pm i.e increase of window, by 30 minutes. Concurrently, the Inter-Bank Timings too has been increased from 2.00pm to 2.30pm.

The effects of this extension, will be visible in the next couple of months, when the Financial Year comes to an end.

The Latest RTGS Timings are dispalyed here for your benefit: 

 

 

RBI Cut-Off

RTGS Customer

Weekdays (Mon to Fri)

09.00 to 16:30 Hrs

Saturdays

09.00 to 12:30 Hrs

RTGS Inter Bank

Weekdays (Mon to Fri)

Special Inter Bank Session

09.00 to 18:00 Hrs

19:00 to 19:30 Hrs

Saturdays

09.00 to 14:30 Hrs

 

Each Bank in our country, has their internal cut-off timings, for customers to submit RTGS   RTGS requisitions. Normally, the  requests,  for RTGS will be accepted up to 15 minutes before the cut off timings at Bank  Branches. 

In case of Net Banking the requests will be accepted up to 30 minutes before the cut off timings. This is due to safeguard against any technical issues. However, still many banks, are yet to offer RTGS facility on Net Banking.


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All efforts have been made to make this information as accurate as possible, N Prashant will not be responsible for any loss to any person caused by inaccuracy in the information available on this Website. Relevent Official Gazettes Communications may be consulted for an accurate information. Any discrepancy found may be brought to the notice of N Prashant