Business Live: – The Hindu

The Nifty and the Sensex opened the day on a Be a part of us as we comply with the highest enterprise information by means of the day.9:30 AMBanks to conduct particular clearing operations for closure of govt accounts on Mar 31: RBIBanks will conduct particular clearing operations for annual closure of presidency accounts on March 31, which is the final day of the present fiscal yr, the RBI has stated.The Reserve Financial institution has issued instructions to the banks for clean clearing operation and requested them to mandatorily take part in it.With regard to annual closing of accounts associated transactions of the central and state governments, particular measures are put in place for 2020-21, the RBI has instructed all of the member banks to keep up ample steadiness of their clearing settlement account.Regular clearing timings as relevant to any working Wednesday shall be adopted on March 31, 2021, the RBI stated in a notification addressed to the member banks, city and state cooperative banks, funds banks, small finance banks in addition to the NPCI.
 

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