RBI offices to stay open on Mar 31 for special clearings

All the regional offices of the Reserve Bank and the branches of agency banks will remain open on March 31, Saturday, for special clearings of government transactions for 2011-12. "With a view to facilitating accounting of all government transactions of the current financial year (2011-12). All regional offices of Reserve Bank of India and branches of agency banks have been advised to conduct "Special Clearings" with same day return clearing in the evening or night of March 31, 2012," the central bank said in a notification. Click here for Cloud Computing Also Read Related Stories News Now - RBI extends deadline for MFI provisioning norms - 'No immediate steps for rupee convertibility on capital account' - 'RBI may respond to market demand' - Higher service tax rate to add to burden on small borrowers - RBI offers breather to MFIs - 3 arrested in Adarsh housing scam They have also been advised to ensure that the clearing houses under their jurisdiction conduct business, keeping in view the operational convenience at the local centres, so that instruments relating to revenue received from members of the public are realised and the proceeds are credited to government account by March 31, 2012, it said.