March residual transactions ensure year end government receipts are recorded in the prior financial year when reported promptly. Banks must ensure receipts and payments effected up to March 31 are recorded in the same financial year by segregating March transactions. From April 1-15, Nodal/Focal Point branches must prepare distinct daily main scrolls for March Residual Transactions (serially marked) and for April transactions, forward separate Daily Memos and summaries to departmental officers and the bank's Link Cell, which will transmit March Residual advices separately to the Reserve Bank's Central Accounts Section, Nagpur. Cheques realised on or before March 31 are March/Residual Transactions; those realised thereafter are April transactions.