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RBI/2018-19/153
DPSS.CO.RPPD.No./2089/03.01.03/2018-19
March
28, 2019
The Chairman and Managing
Director / Chief Executive Officer
All Scheduled Commercial Banks including Regional Rural Banks /
Urban Co-operative Banks / State Co-operative Banks /
District Central Co-operative Banks / Local Area Banks
Madam / Dear Sir,
Special Clearing operations on
March 30 and 31, 2019
A reference is invited to the
circular issued by Department of Government and Bank Accounts (DGBA.GBD.No.2430/42.01.029/2018-19 dated March 26, 2019)
on ‘Annual Closing of Government Accounts - Transactions of Central / State
Governments - Special Measures for the Current Financial Year (2018-19)’.
2. With a view to facilitate
accounting of all the Government transactions for the current financial
year (2018-19) by March 31, 2019, it has been decided to conduct Special
Clearing at all clearing houses across the country on March 30 and 31, 2019 as detailed below:
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Date
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Type
of clearing – Presentation clearing / Return clearing
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March 30, 2019 (Saturday)
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Normal Clearing as followed on
any working Saturday.
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In addition, a Special
Clearing exclusively for Government transactions (receipts and payments)
with Return clearing on the same day as per the schedule indicated below.
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March 31, 2019 (Sunday)
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Special Clearing exclusively
for Government transactions (receipts and payments) with Return clearing
on the same day as per the schedule indicated below.
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Schedule for various types of
Special Clearing
a. CTS grid locations (New
Delhi, Mumbai and Chennai)
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Date
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Presentation
clearing
(only for Govt. A/c)
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P2F
session timings for the instruments
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Return
clearing for the instruments
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March 30, 2019 (Saturday)
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Between 20.15 and 20.45 hours
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Between 21.15 and 21.45 hours
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Between 22.15 and 22.30 hours
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March 31, 2019 (Sunday)
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Between 18.15 and 18.45 hours
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Between 19.15 and 19.45 hours
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Between 20.15 and 20.30 hours
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b. Special Clearing in non-CTS
(ECCS) clearing houses on March 30 and 31, 2019 (only for Govt. A/c)
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Date
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Presentation
clearing
(only for Govt. A/c)
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Return
clearing
(only for Govt. A/c)
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March 30, 2019 (Saturday)
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One hour after the extended
business hours keeping in view the operational convenience at the local
centre.
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Half an hour / one hour after
the Presentation clearing keeping in view the operational convenience at
the local centre.
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March 31, 2019 (Sunday)
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One hour after closure of
counters keeping in view the operational convenience at the local centre.
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Half an hour / one hour after
the Presentation clearing keeping in view the operational convenience at
the local centre.
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3. It is mandatory for all banks
to participate in the Special Clearing operations on the above specified
dates. All member banks of the clearing houses are required to keep their
inward clearing processing infrastructure open during the Special Clearing
hours and maintain sufficient balance in their clearing settlement account
to meet settlement obligations arising out of the Special Clearing.
4. Member banks of clearing
houses are advised to adhere to the instructions contained in this circular
as well as the instructions received from the Regional Offices of Reserve
Bank of India and President of respective clearing houses. In case of
image-based clearing at CTS locations, separate operating procedure will be
decided for March 30 and 31, 2019 and advised to all member banks by the
President of the respective CTS location. Member banks may also be guided
by the circular NPCI/2016-17/CTS/Circular No.32 dated October 3, 2016
issued by NPCI to all member banks regarding clearing type for instruments
to be presented in Special Clearing sessions.
5. Member banks are also advised
to be in readiness to participate in the Centralised Payment Systems (RTGS
and NEFT) on March 30 and 31, 2019. A separate broadcast message in this
regard will be issued through the respective systems indicating the
extended time window.
Yours faithfully
(P. Vasudevan)
Chief General Manager
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