
The Reserve Bank of India (RBI) offices dealing with government business and all designated branches of agency banks will keep their counters open as per normal working hours on Saturday and Sunday for the convenience of taxpayers.
Electronic transactions can be carried out until the stipulated time on both days (March 30 and March 31), the RBI said in a statement on special measures for the current financial year (2023-24), in the wake of the annual closing of government 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. To facilitate government receipts and payments, necessary arrangements have also been made to conduct special clearing operations across the country
“Special clearing will be conducted for government cheques on both March 30 and 31, 2024. Agency banks are hereby advised that all cheques related to government accounts may be presented for such clearing,” the RBI stated.
Regarding the reporting of central and state government transactions to the RBI, the reporting window for March 31 will remain open until 1200 hours on April 1, 2024.