**Summary:**
This Reserve Bank of India (RBI) circular, reference number DGBA.GBD.No.243042.01.029/2018-19, dated March 26, 2019, outlines special measures for agency banks to ensure all government transactions for the financial year 2018-19 are accounted for within the same financial year. Agency banks are instructed to keep designated branches conducting government banking open until 8:00 p.m. on March 30, 2019, and until 6:00 p.m. on March 31, 2019. Electronic transactions, including RTGS and NEFT, will continue during the extended hours on both days, with separate instructions to be issued by the Department of Payment and Settlement Systems (DPSS), RBI. The reporting window for uploading GST collection luggage files to RBI's e-Kuber system will be extended until 12:00 noon on April 1, 2019, for transactions with a value date of March 31, 2019. Agency banks are requested to publicize these special arrangements. Further inquiries can be directed to Partha Choudhuri, General Manager, Department of Government and Bank Accounts, Central Office, 4th Floor, Byculla, Mumbai 400 008. Contact information includes telephone numbers 022-2308 4121, fax numbers 022-2300 0370/2301 6072/2301 0095, and email cgmicdgbacorbi.org.in.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for monetary policy and regulation of the banking system.
Agency Banks: Banks authorized to conduct government transactions on behalf of the government.
Central Government: The union government of India.
State Governments: The governments of the individual states within India.
Financial Year 2018-19: The financial year spanning from April 1, 2018, to March 31, 2019.
RTGS: Real-Time Gross Settlement, a system for transferring funds electronically.
NEFT: National Electronic Funds Transfer, a system for transferring funds electronically.
GST: Goods and Services Tax, an indirect tax used in India on the supply of goods and services.
भारतीय �रज़व र् बक�
RESERVE BANK OF INDIA
________________ ________________
www.rbi.org.in
RBI/2018-19/149
DGBA.GBD.No.2430/42.01.029/2018-19 March 26, 2019
All Agency Banks
Dear Sir / Madam
Annual Closing of Government Accounts – Transactions of Central / State
Governments – Special Measures for the Current Financial Year (2018-19)
The Government of India has desired that all government transactions done by
agency banks for Financial Year 2018-19 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.
2. 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 30, 2019 and upto 6.00 p.m. on March 31, 2019.
3. All electronic transactions, including RTGS and NEFT, will continue for the
extended time on March 30 and March 31, 2019 for which DPSS, RBI will issue
necessary instructions.
4. Regarding reporting of GST collection in e-Kuber of RBI, the reporting window on
March 31, 2019 for uploading luggage files will be extended and kept open till 12
noon on April 1, 2019. Thus, agency banks will be able to upload their luggage files
of value date March 31, 2019 upto 12 noon on April 1, 2019.
5. Agency banks may give adequate publicity to the special arrangements made.
Yours faithfully
(Partha Choudhuri)
General Manager
सरकार� एवं बक� लेखा �वभाग, केन्द्र�य कायार्लय, मुंबई स�ट्रल रेल्व ेस्टेशन के सामने, भायखला, मुंबई 400 008
Department of Government & Bank Accounts, Central Office, Opp. Mumbai Central Railway Station, 4th Floor, Byculla, Mumbai 400 008
Telephone: (022) 2308 4121, Fax No. (022) 2300 0370/2301 6072/2301 0095, e-mail: cgmicdgbaco@rbi.org.in
�हन्द� आसान है, इसका प्रयोग बढ़ाइए ।