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Archive: 26 March 2014

Posts in 26 March 2014

Banks and RBI to facilitate Tax Payments on March 29, 30 and 31, 2014

March 26, 2014 2365 Views 0 comment Print

Agency banks doing Government business alone will be permitted to 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 and maintain sufficient balance in their clearing settlement account to meet settlement obligations arising out of the Special Clearing.

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