MANU/RMIC/0019/2016

Ministry : Reserve Bank of India

Department/Board : Department of Payment and Settlement Systems

Circular No. : DPSS.(CO).RTGS.No.1926/04.04.002/2015-2016
                   RBI/2015-2016/306

Date : 04.02.2016

Notification/ Circulars Referred : Circular DPSS.(CO).RTGS.No.388/04.04.002/2011-2012 dated September 5, 2011 MANU/RMIC/0319/2011

Citing Reference:
Circular DPSS.(CO).RTGS.No.388/04.04.002/2011-2012 dated September 5, 2011 MANU/RMIC/0319/2011  Referred

The Chairman / Managing Director /
Chief Executive Officer of participants of RTGS

Madam / Sir,

RTGS service charges for members and customers - Rationalisation

A reference is invited to our circular DPSS.(CO).RTGS.No.388/04.04.002/2011-2012 dated September 5, 2011.

2. As participants in the RTGS are aware, the RBI introduced service charges on members for all outward RTGS transactions with effect from October 1, 2011. Since then RBI has upgraded the RTGS system adding more capacity and features. With the enhancements, the time window of operation has also increased, adding to operational efficiency, though with a higher cost. To ensure that such services are adequately priced, RBI has revised the fee structure for members and rationalised the charges levied on them. Inward transactions of the members will not attract any service charges and will continue to be free, as hitherto.

3. The RTGS service charges would consist of monthly membership fee and processing charges per transaction, as follows:

(i) Monthly Membership Fee : The membership fee has been marginally enhanced and the new structure will be as follows:

Type of Entities	Monthly Membership Fee (exclusive of service tax)