Government Fixes April 10, 2024 as the Date for Closure of Residual Transactions of Banks for March 2024 | RBI
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- Last Updated on 15 March, 2024
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Circular No. RBI/2023-24/135 DGBA.GBD.No.S1217/42-01-029/2023-2024; Dated: 13.03.2024
Earlier, the RBI advised on the procedure to be followed for reporting and accounting of Central Government transactions (including CBDT, CBIC, Departmentalized Ministries and Non-Civil Ministries) at the receiving/Nodal/Focal point branches for the FY 2022-23.
Now, the Govt. has decided that the date for closure of residual transactions for March 2024 be fixed as April 10, 2024. The Nodal/Focal Point branches must ensure that the accounts for all transactions (revenues/tax collections/payments) are effected at the receiving branches up to March 31, 2024 in the accounts for the current financial year itself and are not mixed up with the transactions of April 2024.
Further, while reporting transactions pertaining to March 2024 up to April 10, 2024, the transactions of April 2024 should not be mixed up with the residual transactions relating to March 2024.
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