RTGS Timing Change: The Reserve Bank of India has extended the timings for customer transactions through the payments system Real Time Gross Settlement (RTGS).  In order to promote digital transactions, the Reserve Bank of India (RBI) has extended the customer transactions timing for RTGS system by an hour. 

With effect from August 26, the RTGS transactions will open at 7 am, instead of 8 am at present. “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,” the central bank said in a statement on Wednesday. RTGS is meant for instant fund transfers above Rs 2 lakh.

“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,” the RBI said in a notification.

RTGS Timing Change: Things to Know

  1. At present, the RTGS system is available for customer transactions from 8 am to 6 pm and for inter-bank transactions from 8 am to 7:45 pm.
  2. The extended customer transactions timing will be applicable from August 26.
  3. The RTGS system is primarily meant for high-value transactions. The minimum amount to be remitted through RTGS is Rs 2 lakh with no maximum limit.
  4. RTGS transactions happen in real-time.
  5. In this transfer, the beneficiary bank receives the instruction to transfer funds immediately when you carry out the transaction, and the transfer is instantaneous.

RTGS Timings from 26 August:



  • Open for Business – 07:00 hours
  • Customer transactions (Initial Cut-off) – 18:00 hours
  • Inter-bank transactions (Final Cut-off) – 19:45 hours
  • Intra-day liquidity (IDL) Reversal – 19:45 to 20:00 hours
  • End of Day – 20:00 hours

Earlier this month, the RBI decided to allow round-the-clock fund transfers through the National Electronic Funds Transfer (NEFT) from December. Currently, NEFT transactions are available for customers from 8 am to 7 pm on all working days with the exception of the second and fourth Saturdays of a month. The NEFT system is used for fund transfers of up to Rs. 2 lakh.

In its July Policy, the RBI did away with charges on fund transfers through RTGS and NEFT routes. State Bank of India waived RTGS and NEFT charges for its customers from July 1.