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Old 30th January 2018, 01:37 PM
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Default Working Hours Of HDFC Bank

Hii sir, I Wants to Know the RTGS Transaction Timing of the HDFC Bank Will you Please Provide It ?
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Old 30th January 2018, 01:38 PM
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Join Date: Mar 2013
Default Re: Working Hours Of HDFC Bank

The RTGS (Real Time Gross Settlement) system is a funds transfer system that is able to provide continuous intra-day finality for individual transfers. In this system, payment instructions between banks are processed and settled individually and continuously throughout the day.

Features
Quicker settlement cycles
Assured finality of settlement
Intra Day Credit/Liquidity
Reduced operational risk of fraud and loss of cheques
Secure transactions
Controlled flow of transactions
Wider day time window for collections / payments
Cuts across geographical boundaries
Cuts across Inter Bank and Clearing House settlement issues

Fees

Transactions between Rs.1 lacs to 5 lacs
Not Exceeding Rs. 25/- per Transaction

Transactions above 5 lacs
Not Exceeding Rs. 50/- per Transaction

The Timing of the Real Time Gross Settlement Is given below

Timing

Days RBI cutoff Customer cutoff
Mon-Fri 09:00 AM to 04:30 PM 03:20 PM
Saturday 09:00 AM to 02:00 PM 12:20 PM
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