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RBI/2016-17/250
DGBA.GAD.No. 2377/42.01.029/2016-17
March
16, 2017
All agency banks
Dear Sir / Madam,
Annual Closing of Government
Accounts – Transactions of Central / State Governments – Special Measures
for the Current Financial Year (2016-17)
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,
all agency banks should keep the counters of their designated branches
conducting government business open for government transactions up to 6.00
p.m. on March 30, 2017 and up to 8.00 p.m. on March 31, 2017. All
electronic transactions would, however, continue till midnight on March 31,
2017. 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
(Partha Choudhuri)
General Manager
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