Home / Industry / Banking /  Come 1 June, RBI to extend timings for RTGS transactions from 4:30 pm to 6 pm

New Delhi: The Reserve Bank of India on Tuesday announced that from 1 June, the time-window for using the Real Time Gross Settlement System for customer transactions will be extended from 4:30 pm to 6 pm.

According to an RBI press release, there shall be no charge for transactions between 8 am and 11 am. A charge of will be levied on every transaction conducted between 11 am and 1 pm.

5 shall be charged for every transaction between 1 pm and 6 pm.

The RTGS system is primarily meant for large value transactions. The minimum amount to be remitted through RTGS is 2 lakh with no upper or maximum ceiling.

Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Recommended For You
Get alerts on WhatsApp
Set Preferences My ReadsWatchlistFeedbackRedeem a Gift CardLogout