In a bid to assist taxpayers, RBI offices handling government transactions along with designated branches of agency banks will remain open during regular hours on both Saturday and Sunday, March 30 and 31. This move comes as part of special measures announced for the ongoing financial year (2023-24) due to the annual closing of government accounts.

According to a statement released by the Reserve Bank, electronic transactions, including those through the National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) System, will be operational until midnight on March 31, 2024. This extension aims to provide added convenience to taxpayers.

To ensure smooth government receipts and payments, special clearing operations will be conducted nationwide. The RBI emphasized the conduct of special clearings for government cheques on both March 30 and 31, 2024. Agency banks have been instructed to present all government-related cheques during these clearings.

Furthermore, the RBI announced an extension in the reporting window for central and state government transactions. The reporting window for transactions on March 31 will remain open until noon on April 1, 2024, facilitating the timely reporting of government transactions to the RBI.

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