Banks to remain open till 8 pm on 31.03.2018 for government transactions. All electronic transactions including RTGS and NEFT will continue till midnight on 31.03.2018.
With a view to facilitate accounting of all the Government transactions for the current financial year (2017-18) by March 31, 2018, it has been decided to conduct special clearing at all clearing houses across the country on March 31, 2018 as detailed below:
| Date | Type of clearing – Presentation clearing /Return clearing |
| March 31, 2018 (Saturday) | Normal Clearing as followed on any working Saturday |
| In addition, a Special Clearing exclusively for Government transactions (receipts and payments) with return clearing on the same day as per the schedule indicated below. |
Schedule for various types of clearing
a. CTS grid locations (New Delhi, Mumbai and Chennai)
| Special Presentation clearing on March 31 2018*** | P2F session timings for the instruments presented through the Special Clearing | Return clearing for the instruments presented through the special clearing |
| Between 20.00 and 20.30 hours | Between 21.00 and 21.30 hours | Between 22.00 and 22.15 hours |
| *** Under the special clearing, single session shall be conducted for both CTS-2010 and non-CTS-2010 standard instruments together. No segregation is required. | ||
b. Special clearing in non-MICR (ECCS) clearing houses on March 31, 2018
| Presentation clearing | Return clearing |
| One hour after the extended business hours keeping in view the operational convenience at the local center | Half an hour/One hour after the presentation clearing keeping in view the operational convenience at the local center. |
Press release by RBI dated 27 March,2018. https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11233&Mode=0
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