CLEARING OPERATIONS ON MARCH 29, 30 AND 31, 2013

Notification No.: RBI/2012-13/454

Date: 21^st March, 2013

It has been decided to conduct special clearing at all clearing houses across the country on March 29, 30 and 31, 2013 as detailed below:

Date	Type of clearing	Presentation clearing	Return clearing
March 29, 2013 (Friday)	Locations where the day is a holiday under Negotiable Instruments Act 1881- A Special Clearing with same day return clearing	One hour after the extended business hours keeping in view the operational convenience at the local center	Half an hour/One hour after the presentation clearing or as per the operational convenience at the local center.
March 30, 2013 (Saturday) And March 31, 2013 (Sunday)	In addition, a Special Clearing for credit to Government accounts only	One hour after the extended business hours keeping in view the operational convenience at the local center	Half an hour/One hour after the presentation clearing or as per the operational convenience at the local center

Agency banks doing Government business alone will be permitted to present instruments in the Special Clearing on other participating banks. Other member banks of the Clearing House (including the presenting banks) are required to keep their inward clearing processing infrastructure open during the Special Clearing hours and maintain sufficient balance in their clearing settlement account to meet settlement obligations arising out of the Special Clearing.

Regards

CA. Mona Singhal

Partner

Arpit Gupta & Associates

Chartered Accountants

701, Nirmal Tower,

26, Barakhamba Road,

Connaught Place, Delhi-110001

Mobile:- +91-9873082769 

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