Clearing operations on March 29, 30 and 31, 2013
With a view to facilitate accounting of all the Government transactions for the current financial year (2012-2013) by March 31, 2013, it has been decided to conduct special clearing at all clearing houses across the country on March 29, 30 and 31, 2013 as detailed below:
Date
|
Type of clearing
|
Presentation clearing
|
Return clearing
|
||
March 29, 2013
|
Locations where the
day is a holiday under Negotiable Instruments Act 1881-
|
One hour after the
extended business hours keeping in view the operational convenience at the
local center
|
Half an hour/One hour
after the presentation clearing or as per the operational convenience at the
local center.
|
||
(Friday)
|
A Special Clearing
with same day return clearing
|
||||
|
Locations where the
day is a working day
|
Normal clearing
operations as is followed on any normal working day
|
|||
March 30, 2013
|
Normal Clearing as
followed on any working Saturday
|
||||
(Saturday)
|
In addition, a Special
Clearing for credit to Government accounts only
|
One hour after the
extended business hours keeping in view the operational convenience at the
local center
|
Half an hour/One hour
after the presentation clearing or as per the operational convenience at the
local center
|
||
31-Mar-13
|
A Special Clearing for
credit to Government accounts only.
|
One hour after the
extended business hours keeping in view the operational convenience at the
local center
|
Half an hour/One hour
after the presentation clearing or as per the operational convenience at the
local center
|
||
(Sunday)
|
|||||
3. In this regard, a reference is invited to the circular issued by our Department of Government and Bank Accounts (DGBA.GAD.No. H.5486/ 42.01.029 / 2012-13 dated March 21, 2013) on ‘Annual Closing of Government Accounts - Transactions of Central / State Governments - Special Measures for the Current Financial Year (2012-13).
4. Member banks of Clearing Houses are advised to adhere to the instructions contained in this circular as well as the instructions received from the Regional offices of Reserve Bank of India and Presidents of respective Clearing Houses.
5. Member banks are also advised to be in readiness to participate in the Centralised Payment Systems (RTGS and NEFT) on March 29, 2013 and March 31, 2013. A separate broadcast message in this regard will be issued through the respective system.
Yours faithfully
(Vijay Chugh)
Chief General Manager