**Summary:**
RBI Directive RBI201718103, issued on November 30, 2017, addresses the delayed reporting of government transactions by agency banks to the Reserve Bank of India (RBI). The directive clarifies reporting procedures for both state and central government transactions.
For state government transactions (electronic and physical) from previous months, agency banks must report these to the RBI through a separate statement if submitted after the 8th of the succeeding month. Transactions pertaining to months prior to the previous month require confirmation from the competent authorities of the concerned state government before reporting.
For central government transactions (electronic and physical), any transactions or adjustments reported after a 90-day gap from the transaction date require prior approval from the concerned ministry/department. This approval must be submitted separately to the RBI when reporting the transaction for settlement.
The directive emphasizes that all existing instructions regarding the timelines for reporting government transactions remain unchanged.
For further information, contact Partha Choudhuri, General Manager, Department of Government Bank Accounts, Central Office, 4th Floor, Byculla, Mumbai 400 008. Telephone: 022 2308 4121, Fax No. 022 2300 0370 / 2301 6072 / 2301 0095, email: pcgmdgba@rbi.org.in.
Key Entities Referenced
RBI: Reserve Bank of India, the central bank of India.
Agency Banks: Banks authorized to handle government transactions on behalf of the RBI.
Central Government: The Government of India.
State Government: The government of an individual state within India.
Department of Government Bank Accounts: A department within the RBI responsible for overseeing government banking transactions.
Mumbai, Maharashtra: City in India where the Central Office of Department of Government Bank Accounts is located
Partha Choudhuri: General Manager at the Reserve Bank of India (RBI).
RBI/2017-18/103
DGBA.GBD.1472/31.02.007/2017-18 November 30, 2017
All Agency Banks
Dear Sir
Reporting of Transactions by agency banks to RBI
It has been brought to our notice that some agency banks are reporting government
transactions after considerable delay and along with the current transactions to RBI,
without taking necessary authorisation from the concerned government departments.
2. As per the extant instructions, state government transactions (electronic as well
as in physical mode) of previous month reported after 8th of the succeeding month and
those pertaining to earlier months should be reported to RBI through a separate
statement for accounting, after being confirmed by the competent authorities of
concerned state government.
3. It has now been decided that, for Central Government transactions (electronic as
well as in physical mode), if the transactions or any adjustments thereof are reported
after a gap of 90 days from the date of transaction, agency banks have to obtain prior
approval from concerned ministry/department and submit the same to RBI separately at
the time of reporting such transactions for settlement.
4. It may be noted that all instructions related to the timeline to be adhered to, for
reporting of government transactions, remain unchanged.
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: pcgmdgbaco@rbi.org.in
�हन्द� आसान है, इसका प्रयोग बढ़ाइए ।