Banks told to keep branches open until March 31

The Reserve Bank of India RBI has directed banks to keep their branches open until March 31 for annual closings. The central bank said in a letter to all banks that they should keep their designated branches open for transactions related to government dealings until the normal working hour on March 31, 2023.

It also stated that all government transactions by agency banks for FY 2022 -- 23 should be accounted for within the same financial year. The RBI said in its letter accessed by News Agency ANI, Transactions through National Electronic Funds Transfer NEFT and Real Time Gross Settlement System RTGS will continue up to 2400 hours 12 midnight on March 31, 2023. The release also stated that special clearing for the collection of government cheques will be conducted on March 31. The Central Bank said it would issue instructions for the Department of Payment and Settlement Systems DPSS.

The reporting window for Central and State Government related transactions to RBI, including the uploading of GST TIN 2.0 e-receipts luggage files, will be open on April 1, 2023, and will be closed until 1200 hours of noon on April 1, 2023.