The Reserve Bank of India (RBI) on October 03, 2023, issued a Notification regarding the Status of March 31, 2024, for Government transactions through integration with e-Kuber.
The following has been stated namely: -
• The ‘e-Kuber’ which is the Core Banking Solution platform of RBI for Government and other payments does not process any Government transactions on Global holidays. March 31, 2024, falls on a Sunday.
• The office of Controller General of Accounts, Government of India has advised that in order to account for all the Government transactions relating to receipts and payments in the financial year 2023-24 itself, it has been decided that March 31, 2024 (Sunday) be marked as a working day for the Government transactions so that all the Government transactions through integration with e-Kuber are processed on March 31, 2024 and accounted for in the financial year 2023-24 itself for arriving the cash balance of Government of India as on March 31, 2024.
• The luggage files from banks for transferring the data related to Government transactions to RBI would also be accepted by the e-Kuber system on March 31, 2024, for accounting of the same in the account for the financial year 2023-24.
[Notification No. RBI/2023-24/65]
