Reserve Bank of India (RBI)

On 17th March Reserve Bank asked banks to keep their branches, which conduct government business, open for full day on March 30 and till 8 pm on March 31 to facilitate the transactions before annual closing of government accounts.

RBI said the government has desired that all government transactions with banks must be accounted for within the same financial year.

It has also 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 and till 8 pm on March 31,” RBI said in a notification.

All electronic transactions would, however, continue till midnight on March 31, 2016, it said.


 

Leave a Reply

Your email address will not be published. Required fields are marked *

Post Navigation