Special Measures to Facilitate Collection of Tax Receipts by the Banks on 29th, 30th and 31st March, 2013
Keeping in view that 29th and 31st March, 2013 are notified Gazetted holidays and 30th March, 2013 is falling on a Saturday and the likely rush of tax payers towards the end of march, 2013, which could have inconvenienced the tax payers in depositing the tax on these days, the Reserve Bank of India (RBI) has issued instructions that all Agency banks shall keep the counters of their designated branches conducting Government business open (full day with extended hours) on 29th, 30th and 31st March, 2013. Further, for the convenience of the tax payers, RBI has also advised the banks to facilitate receipt of Government taxes from the members of public even at late hours.
RBI has also issued instructions for conduct of Special Clearing on these three days (including same-day return clearing on 31.03.2013) whereby the Agency banks conducting Government business may present instruments in the special clearing on other participating banks. Other member banks of the Clearing House (including the presenting banks) are required to keep their inward clearing processing infrastructure open during the Special Clearing hours. Further, member banks have also been instructed to be in a state of readiness to participate in the Central Payment Systems (RTGS and NEFT) on 29th, 30th and 31st March, 2013.
DGBA.GAD.No.H – 5486/42.01.029/2012-13
March 21, 2013
The Chairman & Managing Director/The Chief Executive Officer
All Agency Banks
Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2012-13)
We have been requested by the Government of India and some State Governments to facilitate collection and accounting of all Government tax receipts for the current financial year (2012-13) up to March 31, 2013 keeping in view the likely rush of tax-payers towards the end of March 2013. Accordingly, it has been decided that all Agency banks shall keep the counters of their designated branches conducting Government business open (full day with extended hours) on March 29, 30 and 31, 2013 to facilitate receipt of Government taxes from members of public even at late hours.
2. As regards conduct of special clearing on these dates (including same-day return clearing on March 31, 2013), separate guidelines are being issued by our Department of Payment and Settlement Systems ( DPSS), Central Office, Mumbai.
3. You are requested to advise all concerned to strictly implement the above instructions.
(G. C. Biswal)
Deputy General Manager