RBI to conduct special clearing for Govt. cheques across three ‘Cheque Transaction System’ grids on Mar 31, 2022

The RBI has decided to conduct Special Clearing exclusively for Government Cheques across three Cheque Transaction System (CTS) grids on 31-03-2022. Normal clearing timings as applicable to any working “Thursday” shall be followed on 31-03-2022. It is mandatory for all banks to participate in special clearing operations on 31-03-2022. RBI advised member banks under respective CTS Grids to adhere to the instructions contained in circular as well as instructions issued by respective CTS grids.The RBI has decided to conduct Special Clearing exclusively for Government Cheques across three Cheque Transaction System (CTS) grids on 31-03-2022. Normal clearing timings as applicable to any working “Thursday” shall be followed on 31-03-2022. It is mandatory for all banks to participate in special clearing operations on 31-03-2022. RBI advised member banks under respective CTS Grids to adhere to the instructions contained in circular as well as instructions issued by respective CTS grids.taxmann.com Latest Statutory HappeningsRead More

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