What changed
The RTGS Standing Committee reviewed Saturday transaction volumes and decided to extend the service window. Customer transactions on Saturdays now run from 9:00 hours to 13:30 hours, and inter-bank transactions from 9:00 hours to 15:00 hours. This replaces the earlier timings set in January 2009.
What it means for you
Banks can now process RTGS payments for customers later on Saturdays, giving more flexibility to end-users. The extended window may increase Saturday transaction volumes and reduce pressure on Monday morning settlements. Banks must update their internal systems and communicate the new cut-off times to branches and customers.
What you must do
- Update RTGS system cut-off timings for Saturdays to 13:30 hours for customer transactions and 15:00 hours for inter-bank transactions.
- Inform all branches and customer-facing staff about the revised Saturday schedule.
- Communicate the extended service window to customers through notices, SMS, or digital channels.
- Ensure settlement and reconciliation processes align with the new Saturday timings.
Who it affects
All banks participating in RTGS, RTGS operations teams, Bank customers using RTGS on Saturdays
What are the new RTGS timings on Saturdays?
Customer transactions are from 9:00 hours to 13:30 hours, and inter-bank transactions are from 9:00 hours to 15:00 hours.
Do the weekday RTGS timings change?
No, the Monday–Friday timings remain unchanged: customer transactions from 9:00 hours to 16:30 hours and inter-bank transactions from 9:00 hours to 18:00 hours.
When does this extension take effect?
The circular is dated December 18, 2009, and banks were advised to implement it immediately upon receipt.