1. India RTGS User Guide
  2. RTGS Outbound Transaction Input
  3. RTGS Outbound Payments Processing
  4. India RTGS Outbound Payment Validations
  5. Date Derivation

Date Derivation

If ‘Requested Execution Date’ is not given or is less than the Network System Date value in India Payments Network System Dates Detailed (PMDNWSDT) for the RTGS network code, system defaults the Network System Date as ‘Requested Execution Date’.

If ‘Requested Execution Date’ is given same as the Network System Date, the Network Cutoff check is done and system refers to the Network Cutoff time maintained in Network Maintenance (PMDNWMNT).
  • For Customer Transfer transactions, the values referred are the ‘Cutoff Hour / Cutoff Minute’.
  • For Bank Transfer / Bank Transfer Own A/C transactions, the values referred are ‘Interbank Cutoff Hour’ / ‘Interbank Cutoff Minute’.

If ‘Requested Execution Date’ given is more than Network System Date, the next working date from the Network Holiday calendar is picked up and the system defaults as ‘Value Date’ of the transaction.

Parent topic: India RTGS Outbound Payment Validations