Government functioning offices of Reserve Bank will remain open on March 30, 31.
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Mumbai All designated branches of Reserve Bank of India (RBI) government related offices and agency banks will remain open as per normal working hours on March 30 and 31, the last two days of the current financial year, for the convenience of taxpayers. In view of the annual closure of government accounts, the Reserve Bank said in a statement, electronic transactions can be done till the stipulated time even after March 30 and March 31 being Saturday and Sunday.
According to the statement, “Transactions through National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) system will continue till 12 midnight on March 31, 2024.” Necessary arrangements have also been made to conduct special clearing drives across the country to facilitate government receipts and payments, it said. “Special clearing for government checks will be conducted on March 30 and 31, 2024,” the central bank said.
“Agency banks are advised that all checks relating to Government accounts may be presented at such clearing.” The reporting window of March 31 in respect of reporting of transactions by the Central and State Governments to the RBI will remain open till 12 noon on April 1, 2024.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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