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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 Manager
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