Designated bank branches shall be open till to 8.00 pm on 31st March, 2018. RTGS and NEFT to continue till midnight

As per latest RBI Notification, for reporting and accounting of government transactions [including collection of Direct Taxes (CBDT) and Indirect Taxes (CBEC)] designated bank branches shall be open till to 8.00 pm on March 31, 2018. RTGS and NEFT to continue till midnight on March 31, 2018

Reserve Bank of India

Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2017-18)

RBI/2017-18/144
DGBA.GBD.No.2388/42.01.029/2017-18

March 27, 2018

All agency banks

Dear Sir / Madam

Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2017-18)

The Government of India has desired that all government transactions with banks for Financial Year 2017-18 must be accounted for within the same financial year and has requested that, as in previous years, certain special arrangements be made for this purpose. Accordingly, all agency banks should keep the counters of their designated branches conducting government banking open for government transactions up to 8.00 p.m. on March 31, 2018. All electronic transactions, including RTGS and NEFT, will continue till midnight on March 31, 2018. Banks may give adequate publicity to the special arrangements made.

Yours faithfully

(Partha Choudhuri)
General Manage