Reserve Bank of India Notification Reserve Bank of India has asked to keep all the banks and their branches open till 31 March 2023 keeping in mind the customers. See the complete information related to this below.
With the end of the financial year 2022-23, the annual closing of accounts also takes place on 31 March. In such a situation, there is a need to complete many tasks related to banks. In such a situation, to provide convenience to the customers, the Reserve Bank of India (RBI) has instructed banks on Tuesday to keep their branches open till March 31, 2023. Apart from this, RBI has asked to finish accounting of all government transactions for 2022-23 within the same financial year.
Transactions will continue throughout the night
According to RBI, all agency banks should keep their branches open for over the counter transactions relating to government transactions during normal working hours on March 31, 2023. At the same time, transactions through National Electronic Fund Transfer (NEFT) and Real Time Gross Settlement ((RTGS) system will continue till 12 midnight of March 31, 2023.
Special System for Check Collection
Special clearing will also be conducted for collection of government checks till March 31, for which instructions may be issued by the Department of Payment and Settlement Systems (DPSS) soon. On the other hand, the reporting window for Central and State Government transactions will be kept open till noon on 1st April on 31st March.
Many things have an end date
Apart from all this, the last date for submission of updated ITR for FY 2019-20 or Assessment Year 2020-21 is also March 31, 2023. After March 31, 2023, you will not be able to do this work. Apart from this, the last date for linking PAN with Aadhaar is also March 31, 2023. Failure to do so will make your PAN inactive. The Central Board of Direct Taxes (CBDT) is charging a late fee of Rs 1000 for linking PAN with Aadhaar from June 30, 2022 onwards.
