With a view to facilitate accounting of all the Government transactions for the current financial year (2013-2014) by March 31, 2014, it has been decided to conduct special clearing at all clearing houses across the country on Saturday, March 29, Sunday, 30 and Monday, 31, 2014 with extended hours till 8.00 PM. Due to this a public holiday of 31st March, 2014 has not been declared as public holiday and on Sunday, March 30, 2014 and on Monday, March, 2014 (at places where holiday under the Negotiable Instruments Act has been declared) agency banks would keep select branches open for transacting government business at locations identified by them based on volume of transactions. The detailed scheduled is as below:
Earlier Income Tax Department Declared all Income Tax offices remain open on 29th, 30th and 31st March, 2014.
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.
Operating Procedure for tendering instruments through the three CTS grid Centers will be issued separately by the Presidents of the concerned Grid center.
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.
Member banks are also advised to be in readiness to participate in the Centralised Payment Systems (RTGS and NEFT) on these days (March 29-31, 2014). A separate broadcast message in this regard will be issued through the respective system indicating the extended time window.
