Annual Closing of Government Accounts (2024-25)
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 Government transactions up to the normal working hours on March 31, 2025.
(b) Special clearing will be conducted for collection of Government cheques on March 31, 2025 for which the Department of Payment and Settlement Systems (DPSS), RBI will issue necessary instructions.
(c) Regarding reporting of Central and State Government transactions to RBI, including uploading of GST/ TIN 2.0/ ICEGATE/ State e-receipts luggage files, the reporting window of March 31, 2025, will be kept open till 1200 hours noon on April 1, 2025.
2. Agency banks may take note and give adequate publicity to the special arrangements made as above.
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