**Summary:**
This circular, reference number RBI20192071 DGBA.GBD.No.66142.01.011201920, issued by the Reserve Bank of India (RBI) on September 26, 2019, addresses the remittance of physical government receipts to government accounts. It supersedes previous instructions and refers to Office Memorandum No. S11012131AC222015RBD332424 dated March 9, 2016, along with circulars DGBA.GAD.No.H11763 42.01.011200607 dated January 24, 2007, DGBA.GAD.No.H779042.01.0112009 10 dated April 7, 2010 and DGBA.GAD No.H320342.01.011201415 January 21, 2015.
The circular is prompted by Office Memorandum No. S110122317RBI2018GBA15581606 dated September 19, 2019, issued by the Office of Controller General of Accounts (CGA), Ministry of Finance, which prescribes revised timelines for crediting physical government receipts into government accounts at RBI. These revised timelines take effect from October 1, 2019.
The RBI directs all agency banks to take necessary action to comply with the revised timelines outlined in the aforementioned Office Memorandum from the CGA.
For further information, contact Charulatha S. Kar, Chief General Manager, Department of Government Bank Accounts, Central Office, 4th Floor, Byculla, Mumbai 400 008. Contact can be made via telephone at 022 2308 4121, fax at 022 2300 0370 / 2301 6072 / 2301 0095, or email at cgmicdgbacorbi.org.in.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for regulating the banking system and monetary policy.
Agency Banks: Banks authorized to handle government transactions on behalf of the Reserve Bank of India.
Office of Controller General of Accounts: An office under the Ministry of Finance responsible for establishing and maintaining accounting procedures and internal controls.
Ministry of Finance: A ministry of the Government of India responsible for economic and financial matters.
Mumbai, Maharashtra: A city in India where the Central Office of the Department of Government Bank Accounts of RBI is located.
Department of Government Bank Accounts: A department within the Reserve Bank of India responsible for managing government banking transactions.
Charulatha S. Kar: Chief General Manager at Reserve Bank of India.
Government account: The account where government receipts are deposited at RBI.
भारतीय �रज़व� ब�क
___________RESERVE BANK OF INDIA__________
www.rbi.org.in
RBI/2019-20/71
DGBA.GBD.No.661/42.01.011/2019-20 September 26, 2019
All Agency Banks
Dear Sir / Madam
Remittance of government receipts (physical receipts) to Government account
Please refer to the Office Memorandum No. S-11012/1(31)/AC(22)/2015/RBD/332-424
dated March 9, 2016 issued by Office of Controller General of Accounts, Ministry of
Finance (copy enclosed) along with our Circulars DGBA.GAD.No.H-11763/
42.01.011/2006-07 dated January 24, 2007, DGBA.GAD.No.H-7790/42.01.011/2009-
10 dated April 7, 2010 and DGBA.GAD No.H-3203/42.01.011/2014-15 January 21,
2015 on the above subject.
2. O/o CGA, vide OM No. S-11012/2/3(17)/RBI/2018/GBA/1558-1606 dated September
19, 2019 (copy enclosed) has prescribed revised timelines for credit of physical
government receipts into government accounts at RBI, in supersession of earlier
instructions on this matter.
3. As per the above referred OM, the instructions become effective from October 1,
2019.
4. Agency banks are advised to take necessary action.
Yours faithfully
(Charulatha S. Kar)
Chief General Manager
Encl: As above
सरकारी एवं ब�क लखे ा िवभाग, केन्�ीय कायालर् य, मुंबई स�� ल रेल्व े स्टेशन के सामन,े 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
िहन्दी आसान ह,ै इसका �योग बढ़ाइए ।