RBI mandates banks to conduct special clearing operations on Monday

The Reserve Bank of India (RBI) mandates all banks to participate in special clearing operations on March 31, 2025, to ensure all government transactions for the financial year 2024-25 are accounted for. Income tax and CGST offices will remain open despite the weekend and Eid-al-Fitr. Normal clearing timings under Cheque Truncation System will be followed for Government Cheques.

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