RBI increases RTGS timings till 6pm from June 1

FinTax updates - RBI increases RTGS timings till 6pm from June 1

The Reserve Bank of India has extended the timings for customer transactions through Real Time Gross Settlement (RTGS) system.

📍 With effect from June 1, the RTGS timings for customer transactions (initial cut-off) will be 6:00 pm, instead of the present 4:30 pm.

👉 The time-varying charges for transactions in RTGS from 1:00 pm to 6:00 pm shall be Rs 5 per outward transaction, RBI said in its statement. After 6:00pm, customers will have to pay Rs 10 per outward transaction for remitting funds via the RTGS system.

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