Banking Working Hours
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.
Previous articleStakeholder engagement by the Task Force drafting the new Direct Tax Law
Next articleE Way Bill Criteria : 1st April 2018
Yogesh Parmar have vast knowledge in the field of Goods and Services Tax (GST). He is regularly conducting seminars on GST at various location for business personal to provide the knowledge about impact of GST on their business and how compliance should be made. He is founder of "" through which he is sharing his knowledge and latest amendments, circulars, notifications etc related to all type of taxes. He is also associated with some software development companies and providing advisory service and help to understand technical aspect of GST. He is also serving as functional manager as well as tester to those company which is developing software for GST.


Please enter your comment!
Please enter your name here