RBI directs all banks to keep their branches open till March 31, 2023.

The
Reserve Bank of India directed all banks to keep their branches open until the
end of the working hours on March 31, 2023.
The
Reserve of India informed it in a letter to all agency banks on Tuesday where
it wrote all government transactions done by agency banks for the year
2022-2023 must be accounted for within the same financial year.
Accordingly,
all agency banks should keep their designated branches open for
over-the-counter transactions related to government transactions up to the
normal working hours on March 31, 2023," the letter stated.
The
RBI further stated that the National Electronic Funds Transfer (NEFT) and Real Time
Gross Settlement (RTGS) System will continue up to 12 midnight as hitherto on
March 31, 2023.
Apart
from this, for the special clearing of government cheques, the Department of
Payment and Settlement Systems (DPSS) of the RBI will issue necessary instructions.
And
in regards to the reporting window to upload Central and state government
transactions to RBI, including uploading of GST or TIN2.0 e-receipts luggage
files will be kept open till 12 noon on April 1, 2023.
Source-
Business Standard
Post your Comment