**Summary:**
This Reserve Bank of India (RBI) circular (CO.DGBA.GBD.No.S1490420102920222023) dated March 21, 2023, outlines special measures for agency banks to ensure all Central and State Government transactions for the financial year 2022-23 are accounted for within the same financial year. Agency banks are instructed to keep designated branches open for over-the-counter government transactions during normal working hours on March 31, 2023. NEFT and RTGS transactions will continue until 2400 hours on March 31, 2023. A special clearing will be conducted for government cheques on March 31, 2023, with instructions to be issued separately by the Department of Payment and Settlement Systems (DPSS), RBI. The reporting window for Central and State Government transactions to the RBI, including uploading of GST TIN2.0 e-receipts luggage files, will remain open until 1200 hours noon on April 1, 2023. Agency banks are requested to publicize these arrangements. Contact Indranil Chakraborty, Chief General Manager, Department of Government and Bank Accounts, Central Office, Reserve Bank of India, Opp. Mumbai Central Railway Station, Byculla, Mumbai – 400 008. Telephone: 022-2308 4121, Fax: 022-2300 0370 / 2301 6072 / 2301 0095, email: cgmicdgbacorbi.org.in.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for regulating the banking system and managing the country's currency.
Agency Banks: Banks authorized to handle government transactions on behalf of the Reserve Bank of India.
Central Government: The federal government of India.
State Governments: The governments of the individual states within India.
National Electronic Funds Transfer: A nationwide electronic funds transfer system in India.
Real Time Gross Settlement: A system for real-time transfer of money between banks.
Department of Payment and Settlement Systems: A department within the Reserve Bank of India responsible for payment and settlement systems.
Mumbai, Maharashtra: A city in the state of Maharashtra, India where the central office of the Reserve Bank of India is located.
भारतीय �रज़व� ब�क
RESERVE BANK OF INDIA
__________________________ __________________________
www.rbi.org.in
RBI/2022-23/186
CO.DGBA.GBD.No.S1490/42-01-029/2022-2023 March 21, 2023
All Agency Banks
Dear Sir / Madam
Annual Closing of Government Accounts – Transactions of Central / State
Governments – Special Measures for the Current Financial Year (2022-23)
All government transactions done by agency banks for the Financial Year 2022-23 must
be accounted for within the same financial year. Accordingly, the following arrangements
are put in place to report and account for Government transactions for March 31, 2023.
2. All agency banks should keep their designated branches open for over the counter
transactions related to government transactions upto the normal working hours on March
31, 2023.
3. Transactions through National Electronic Funds Transfer (NEFT) and Real Time Gross
Settlement (RTGS) System will continue upto 2400 hours as hitherto on March 31, 2023.
4. Special clearing will be conducted for collection of government cheques on March 31,
2023 for which the Department of Payment and Settlement Systems (DPSS), RBI will
issue necessary instructions.
5. Regarding reporting of Central and State Government transactions to RBI, including
uploading of GST/ TIN2.0/ e-receipts luggage files, the reporting window of March 31,
2023 will be kept open till 1200 hours noon on April 1, 2023.
6. Agency banks may take note and give adequate publicity to the special arrangements
made as above.
Yours faithfully
(Indranil Chakraborty)
Chief General Manager
सरकारी और बक� लखे ा िवभाग, केन्�ीय कायार्लय, मबुं ई स�� ल रेल्व ेस्टेशन के सामने, भायखला, मबुं ई -400 008
Department of Government and Bank Accounts, Central Office, Opp. Mumbai Central Railway Station, Byculla, Mumbai - 400008
Telephone: (022) 2308 4121, Fax No. (022) 2300 0370/2301 6072/2301 0095, e-mail: cgmicdgbaco@rbi.org.in
िहन्दी आसान ह,ै इसका �योग बढ़ाइए ।