ANNUAL CLOSING OF GOVERNMENT ACCOUNTS - TRANSACTIONS OF CENTRAL / STATE GOVERNMENTS - SPECIAL MEASURES FOR THE CURRENT FINANCIAL YEAR (2024-25)

MUMBAI, India, March 17 -- Reserve Bank of India issued the following notification:

RBI/2024-25/124

CO.DGBA.GBD.No.S1003/42-01-029/2024-2025

March 17, 2025

All Agency Banks

Madam/ Dear Sir,

Annual Closing of Government Accounts - Transactions of Central / State Governments - Special Measures for the Current Financial Year (2024-25)

All Government transactions done by agency banks for the Financial Year 2024-25 must be accounted for within the same financial year.

Accordingly, the following arrangements are put in place to report and account for Government transactions for March 31, 2025:

(a) All agency banks should keep all branches dealing with Government receipts and payments open for over the counter transactions related to Gov...