As a way to facilitate authorities receipts and funds, mandatory preparations have additionally been made to conduct particular clearing operations throughout the nation
RBI places of work coping with authorities enterprise and all designated branches of company banks will preserve their counters open as per regular working hours on Saturday and Sunday for the comfort of taxpayers.
RBI places of work coping with authorities enterprise and all designated branches of company banks will preserve their counters open as per regular working hours on Saturday and Sunday for the comfort of taxpayers.
Digital transactions may be finished until the stipulated time on each days (March 30 and March 31), the Reserve Financial institution stated in an announcement on particular measures for the present monetary 12 months (2023-24), in wake of annual closing of presidency accounts.
“Transactions by means of Nationwide Digital Funds Switch (NEFT) and Actual Time Gross Settlement (RTGS) System will proceed as much as 2400 hours as hitherto on March 31, 2024,” it stated with a view to offer better comfort to taxpayers.
As a way to facilitate authorities receipts and funds, mandatory preparations have additionally been made to conduct particular clearing operations throughout the nation, it added.
“Particular clearing will likely be performed for presidency cheques each on March 30 and 31, 2024. Company banks are hereby suggested that every one cheques associated to authorities accounts could also be offered on such clearing,” the RBI stated.
Concerning reporting of central and state authorities transactions to RBI, the reporting window of March 31 will likely be saved open until 1200 hours on April 1, 2024.
