Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2015-16)

RBI/2015-16/342
DGBA.GAD.No. 2969/42.01.029/2015-16

March 17, 2016

The Chairman / Chief Executive Officer
All agency banks

Dear Sir/Madam,

Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2015-16)

The Government of India has desired that all government transactions with banks must be accounted for within the same financial year and has requested that certain special arrangements be made for the purpose, as in previous years. Accordingly, it has been decided that all agency banks shall keep the counters of their designated branches conducting government business open for full day on March 30, 2016 and till 8.00 p.m. on March 31, 2016. All electronic transactions would, however, continue till midnight on March 31, 2016. Banks may give adequate publicity to the special arrangements made.

2. As regards conduct of extended clearing sessions / operations on these two dates, separate guidelines are being issued by our Department of Payment and Settlement Systems, Central Office, Mumbai.

Yours faithfully

(Manish Parashar)
Deputy General Manager

Get a free Import-Export data demonstrative report on desired products.

We don’t offer any assistance over buying or selling any products.

Thank You

Big thanks to showing your interest in SEAIR Exim Solutions. We’ve currently received your request for data information. We will return on the same query in a short span of time.

Seair Exim offers an Import-Export data demo.

Seair is proud to have a loyal customer base from big brands.

Get a free Import-Export data demonstrative report on desired products.

Thank You