Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2018-19)
1.The Government of India has desired that all government transactions done by agency banks for Financial Year 2018-19must be accounted for within the same financial year and has requested that, as in previous years, certain special arrangements be made for this purpose.
2. Accordingly, all agency banks should keep the counters of their designated branches conducting government banking open for government transactions up to 8.00 p.m. on March 30, 2019 and upto 6.00 p.m. on March 31, 2019.
3. All electronic transactions, including RTGS and NEFT, will continue for the extended time on March 30 and March 31, 2019 for which DPSS, RBI will issue necessary instructions.
4. Regarding reporting of GST collection in e-Kuber of RBI, the reporting window on March 31, 2019 for uploading luggage files will be extended and kept open till 12 noon on April 1, 2019. Thus, agency banks will be able to upload their luggage files of value date March 31, 2019 upto 12 noon on April 1, 2019.
5. Agency banks may give adequate publicity to the special arrangements made.
About the Author
