RBI has issued notification regarding Reporting and Accounting of Central Government transactions for March 2025
The following has been stated
The Government of India has decided that the date of closure of residual transactions for the month of March 2025 be fixed as April 10, 2025. In view of the ensuing closing of Government accounts for the financial year 2024-25, receiving branches including those not situated locally, should adopt special arrangements such as courier service etc., for passing on challans/scrolls etc., to the Nodal/Focal Point branches so that all payments and collections made on behalf of Government towards the end of March are accounted for in the same financial year. These instructions regarding special messenger arrangements may please be informed to all branches concerned.
The Nodal/Focal Point branches will be required to prepare separate set of scrolls, one pertaining to March 2025 residual transactions and another for April transactions during the first 10 days of April 2025. The Nodal/Focal Point branches should also ensure that all transactions (revenues/tax collections/payments) at the receiving branches up to March 31, 2025 are effected in the accounts for the current financial year itself and are not mixed up with the transactions of April 2025. Also, while reporting transactions pertaining to March 2025 up to April 10, 2025, the transactions of April 2025 should not be mixed up with the residual transactions relating to March 2025.
Link – https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12789&Mode=0
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