Regulatory Alerts2025-01-01
Added · Updated
Operating Hours for Payment Systems During Ramadan 2025
The Saudi Central Bank has issued updated operating hours for key payment systems, including RTGS, EFT, and ECC, for Ramadan 2025. Real-time gross settlement and retail payment sessions are shortened, with internal transfers ending at 13:45 and external remittance deadlines set for 11:15. Electronic cheque clearing operations are also adjusted, with final submission times moved to 13:30, while personal EFT sessions remain unchanged.
Operating Hours for Payment Systems During Ramadan 2025
First: Real-Time Gross Settlement System (RTGS)
| Event (Operation) | Time (Hour) |
|---|---|
| System Opening | 09:00 |
| Start of Internal Transfers and Settlements | 09:05 |
| Deadline for External Remittances and Feed Notifications – All Currencies | 11:15 |
| End of Internal Transfers and Settlements | 13:45 |
Second: EFT Retail Payment System
| Event (Operation) | Time (Hour) |
|---|---|
| End of Third Remittance Clearing Session | 13:10 |
| Cash Settlement for Third Remittance Session and Retrieval of Incoming File | 13:15 |
| End of Second Salary Payments Clearing Session | 13:20 |
| Cash Settlement for Second Salary Payments Session and Retrieval of Incoming File | 13:25 |
- The operating hours for EFT personal remittance sessions and salary payments not listed in this table remain unchanged.
Third: Electronic Cheque Clearing System (ECC)
| Event (Operation) | Time (Hour) |
|---|---|
| System Opening on Current Working Day (T) | 09:05 |
| Deadline for Cheques Received on Previous Working Day (-1T) | 10:15 |
| Cash Settlement for Cheques Accepted and Presented on Previous Working Day (-1T) | 10:30 |
| End of Cheque Submission for Clearing on Current Working Day (T) | 13:30 |
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