The Reserve Bank of India (RBI) on February 28, 2025, issued a notification regarding Reporting and Accounting of Central Government transactions for March 2025.
The following has been stated: -
•The Government of India has set April 10, 2025, as the deadline for closing residual transactions of March 2025. Special arrangements, such as courier services, are advised to ensure proper accounting of March transactions.
•Nodal/Focal Point branches must prepare separate scrolls for March and April transactions, clearly marking residual March transactions and reporting them to the Reserve Bank of India.
•The March residual transactions should be reported by April 18, 2025, while transactions tendered in March but realized in April should be treated as April transactions.
The detailed notification is given in the document below.
[Notification No. RBI/2024-25/122 CO.DGBA.GBD.No.S954/42-01-029/2024-2025]
