Quick Summary
Special Clearing operations on March 31, 2022 RBI/2021-2022/188 CO.DPSS.RPPD.No./S1769/03-01-002/2021-22 March 28, 2022 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including Regional Rural Banks / Urban Co-operative Banks / State Co-operati
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FAQ :
The special clearing operations will be held on Thursday, March 31, 2022.
They are being conducted to facilitate the accounting of all government transactions for the financial year 2021-22 by the March 31 deadline.
Normal clearing timings will be followed. Additionally, a special clearing for government cheques will run from 5:00 PM to 5:30 PM for presentation and 7:00 PM to 7:30 PM for returns across the three CTS grids.
Yes, it is mandatory for all scheduled commercial banks, co-operative banks, and other specified financial institutions to participate in these special clearing operations.
Member banks must keep their inward clearing processing infrastructure open during the special clearing hours and maintain sufficient balances in their clearing settlement accounts.
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