In order to facilitate authorities receipts and funds, vital preparations have additionally been made to conduct particular clearing operations throughout the nation
RBI workplaces coping with authorities enterprise and all designated branches of company banks will hold their counters open as per regular working hours on Saturday and Sunday for the comfort of taxpayers.
RBI workplaces coping with authorities enterprise and all designated branches of company banks will hold their counters open as per regular working hours on Saturday and Sunday for the comfort of taxpayers.
Electronic transactions may be completed until the stipulated time on each days (March 30 and March 31), the Reserve Bank stated in an announcement on particular measures for the present monetary 12 months (2023-24), in wake of annual closing of presidency accounts.
“Transactions through National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) System will continue up to 2400 hours as hitherto on March 31, 2024,” it stated with a view to offer larger comfort to taxpayers.
In order to facilitate authorities receipts and funds, vital preparations have additionally been made to conduct particular clearing operations throughout the nation, it added.
“Special clearing will be conducted for government cheques both on March 30 and 31, 2024. Agency banks are hereby advised that all cheques related to government accounts may be presented on such clearing,” the RBI stated.
Regarding reporting of central and state authorities transactions to RBI, the reporting window of March 31 will probably be saved open until 1200 hours on April 1, 2024.
