**Policy Summary:**
This circular, DCM (CC) No.S3425/03.41.01/2023-24, issued by the Reserve Bank of India (RBI) on March 27, 2024, instructs all currency chest (CC) holding banks to keep their currency chests open on Sunday, March 31, 2024. This directive is in response to the Government of India's advisory for all banks handling government receipts and payments to remain open on March 31, 2024, to process and account for FY 2023-24 transactions. The RBI mandates that CC holding banks operate on March 31, 2024, as they would on a normal working day, and to inform their linked branches accordingly.
The circular was issued by Sanjeev Prakash, Chief General Manager, Department of Currency Management, Central Office, RBI. The Department of Currency Management can be contacted at Amar Building, 4th Floor, Sir P M Road, Mumbai – 400001, via telephone at 22663000 or 22604000, via fax at 22662442, or via email at cgmincdcm@rbi.org.in. The reference number for the circular is RBI/2023-24/142.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for monetary policy and regulation of the banking system.
Currency Chests: Designated bank branches authorized to hold currency on behalf of the Reserve Bank of India.
Government of India: The Union Government of India.
FY 2023-24: The financial year 2023-2024 in India.
Sanjeev Prakash: Chief General Manager at the Reserve Bank of India, Department of Currency Management.
Department of Currency Management: A department within the Reserve Bank of India responsible for currency management.
Mumbai, Maharashtra: City in India where the Central Office of the Department of Currency Management is located.
बेटी बचाओ
बेटी पढ़ाओ
भारतीय �रज़व� ब�क
_______________________ RESERVE BANK OF INDIA ______________________
www.rbi.org.in
RBI/2023-24/142
DCM (CC) No.S3425/03.41.01/2023-24 March 27, 2024
All Currency Chest holding banks
Madam / Dear Sir
Currency Chests (CCs) operations on March 31, 2024
The Government of India has advised all branches of the banks dealing with
Government receipts and payments to be kept open for transactions on Sunday,
March 31, 2024 so as to account for the Government transactions relating to receipts
and payments in FY 2023-24 itself. Since such transactions might necessitate
operations at currency chests, the currency chest holding banks are advised to keep
their CCs open on March 31, 2024, akin to a normal working day.
2. The CC holding banks shall keep the linked branches suitably informed.
Yours faithfully,
(Sanjeev Prakash)
Chief General Manager
_______________________________________________________________________________________________________________________________________
मुद्रा प्रबंध िवभाग, क�द्रीय काया�लय, चौथी मंिजल, अमर भवन, सर पी .एम .रोड, मुंबई - 400 001
DEPARTMENT OF CURRENCY MANAGEMENT, CENTRAL OFFICE, AMAR BUILDING, 4TH FLOOR, SIR P M ROAD, MUMBAI - 400001
फोन TELEPHONE No. 22663000 / 22604000 फै� FAX NO. 22662442
ई-मेल E-mail: cgmincdcm@rbi.org.in
िह�ी आसान है, इसका प्रयोग बढ़ाइए ।