{"id":218514,"date":"2019-08-22T18:15:09","date_gmt":"2019-08-22T12:45:09","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=218514"},"modified":"2019-08-23T22:25:14","modified_gmt":"2019-08-23T16:55:14","slug":"real-time-gross-settlement-rtgs-system-increase-in-operating-hours","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2019\/08\/22\/real-time-gross-settlement-rtgs-system-increase-in-operating-hours\/","title":{"rendered":"Real Time Gross Settlement (RTGS) System \u2013 Increase in operating hours"},"content":{"rendered":"<p style=\"text-align: justify;\">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. <span style=\"color: #ff0000;\">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.<\/span><\/p>\n<p style=\"text-align: justify;\">The RTGS time window with effect from <span class=\"head\">August 26, 2019,<\/span>\u00a0will, therefore, be as under:<\/p>\n<table class=\"tablebg\" border=\"0\" width=\"70%\" cellspacing=\"1\" cellpadding=\"0\" align=\"center\">\n<tbody>\n<tr class=\"head\">\n<td align=\"center\" width=\"11%\">Sr. No.<\/td>\n<td align=\"center\" width=\"53%\">Event<\/td>\n<td align=\"center\" width=\"36%\">Time<\/td>\n<\/tr>\n<tr>\n<td align=\"center\">1.<\/td>\n<td>Open for Business<\/td>\n<td align=\"center\">07:00 hours<\/td>\n<\/tr>\n<tr>\n<td align=\"center\">2.<\/td>\n<td>Customer transactions (Initial Cut-off)<\/td>\n<td align=\"center\">18:00 hours<\/td>\n<\/tr>\n<tr>\n<td align=\"center\">3.<\/td>\n<td>Inter-bank transactions (Final Cut-off)<\/td>\n<td align=\"center\">19:45 hours<\/td>\n<\/tr>\n<tr>\n<td align=\"center\">4.<\/td>\n<td>IDL Reversal<\/td>\n<td align=\"center\">19:45 hours &#8211; 20:00 hours<\/td>\n<\/tr>\n<tr>\n<td align=\"center\">5.<\/td>\n<td>End of Day<\/td>\n<td align=\"center\">20:00 hours<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\">This directive is issued under Section 10 (2) read with Section 18 of the Payment and Settlement Systems Act 2007.<\/p>\n<hr \/>\n<p>RBI\/2019-20\/46<br \/>\nDPSS (CO) RTGS No.364\/04.04.016\/2019-20<\/p>\n<p style=\"text-align: right;\"><strong>Notification dt. 21-08-2019<\/strong><\/p>\n<p style=\"text-align: right;\"><strong>Reserve Bank of India<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 <\/p>\n","protected":false},"author":8808,"featured_media":108541,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[37219,37218],"class_list":["post-218514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-notifications","tag-increase-in-operating-hours","tag-rtgs-system"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Real Time Gross Settlement (RTGS) System \u2013 Increase in operating hours | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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