Special Clearing operations on March 30 and 31, 2016

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....operative Banks / State Co-operative Banks / District 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 Centr....

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....a Special Clearing exclusively for Government transactions (receipts and payments) with 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 ....

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....he Clearing House 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. However, participation in the outward clearing is left to banks depending upon the instruments received by them towards credit-to/payment....