Special Clearing operations on March 30 and 31, 2016

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....istrict Central Co-operative Banks/Local Area Banks Madam / Dear Sir, Special Clearing operations on March 30 and 31, 2016 A reference is invited to the circular issued by our Department of Government and Bank Accounts (DGBA.GAD.No.2969/42.01.029/2015-16 dated March 17, 2016) on 'Annual Closing of Government Accounts - Transactions of Central / State Governments - Special Measures for the Curre....

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....th return clearing on the same day as per the schedule indicated below. Schedule for various types of clearing a. CTS grid locations (Chennai, Mumbai and New Delhi) Special Presentation clearing on March 30 & 31, 2016*** P2F session timings for the instruments presented through the Special Clearing Return clearing for the instruments presented through the special clearing Between 20.00....

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....nd maintain sufficient balance in their clearing settlement account to meet settlement obligations arising out of the Special Clearing. However, participation in the outward clearing is left to banks depending upon the instruments received by them towards credit-to/payment-from Government accounts. 4. Member banks of Clearing Houses are advised to adhere to the instructions contained in this circ....