No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2010-11/372 · issued 18 Jan 2011 · ~1 min read
Quick answerRBI extended CFMS funds transfer timings from Jan 24, 2011: weekdays now 10:00-17:00 hours (previously 11:00-16:30) and Saturdays 10:00-15:00 hours (previously 11:00-13:00). This gives members more flexibility for inter-DAD transfers.
What changed
The time window for the CFMS funds transfer module was extended by one hour on both weekdays and Saturdays. Weekday timings moved from 11:00-16:30 to 10:00-17:00 hours, and Saturday timings from 11:00-13:00 to 10:00-15:00 hours.
What it means for you
Banks and CFMS members now have an extra hour each weekday and two extra hours on Saturdays to process funds transfers between DADs. This reduces pressure on end-of-window settlements and improves liquidity management flexibility. The earlier start at 10:00 hours also aligns better with market opening times.
Historical instruction — do not use for current compliance. This is what was required at the time; it no longer reflects current RBI requirements. If no replacement rule is linked above, that only means none is recorded on our register yet — it does not prove no later applicable rule exists. Confirm on the official RBI source below.
What banks were required to do at the time
Update your internal systems and cut-off timings for CFMS funds transfer module to reflect new window: weekdays 10:00-17:00, Saturdays 10:00-15:00.
Inform treasury and operations teams about the revised schedule effective January 24, 2011.
Ensure payment gateways are configured to accept CFMS transfers during the extended hours.
Acknowledge receipt of this circular to RBI as required.
Who it affects
All CFMS member banks and financial institutions, Treasury and funds management teams, Payment gateway operators handling DAD transfers
❓ Common questions
Regulatory timeline
Decoded by BankPulse2026-06-19 02:56 IST
Status change: withdrawn03 Aug 2026, 04:00 IST
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
When do the new CFMS timings take effect?
The revised timings are effective from January 24, 2011.
What were the old CFMS timings for weekdays?
Previously, the funds transfer module operated from 11:00 to 16:30 hours on weekdays and 11:00 to 13:00 hours on Saturdays.
Does this change affect all CFMS modules or only the funds transfer module?
The circular specifically mentions extension of timings for the funds transfer module used to transfer funds between DADs from payment gateways.
📜 Read the original circular — full text as issued by RBI
RBI/2010-11/372
DPSS (CO) RTGS No.1654/ 04.08.002/ 2010 – 11
January 18, 2011
To All CFMS Members
Madam / Dear Sir,
Centralised Funds Management System (CFMS) – Extension of timings
Members of CFMS are using the funds transfer module to transfer funds from one DAD to another DAD from their payment gateways. At present, the time window for funds transfer module of CFMS is from 11:00 hours to 16:30 hours on weekdays and from 11:00 hours to 13:00 hours on Saturdays.
2. On requests from the members, it has since been decided to extend the CFMS timings as under :
Days
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2010-11/372 · issued 18 Jan 2011. The plain-English explanation above is BankPulse’s own independent summary.
Discuss this circular with fellow bankers — reply, upvote what helps, report what doesn’t belong. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.
BankPulse Compliance Evidence Pack — generated 03 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly). Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=6223&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
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