Year-End Special Measures for Government Accounts (FY 2009-10)
Current · Source: Reserve Bank of India · RBI/2009-10/357 · issued 22 Mar 2010 · ~1 min read
Quick answerRBI directs agency banks to extend banking hours on March 30-31, 2010, and conduct special same-day clearing to ensure all government revenue is credited by March 31, 2010.
The rule, in the simplest words
Banks must keep their government counters open late on March 30 and 31, 2010, so people can pay taxes even after normal hours.
On those two evenings, banks must run a special clearing (a fast way to process cheques) so that government money from cheques is added to the government's account by March 31.
Banks need to tell all their branches that handle government business to follow these rules right away.
Banks must send a message to RBI saying they got this instruction.
How it plays out — a real example
An agency-banking (government business) officer in Indore, Priya, sees a long line of taxpayers at her bank's government counter on March 30, 2010. She keeps the counter open until 7 PM, as instructed, and then stays late to process the special clearing, ensuring all cheques for government revenue are credited by March 31.
What changed
RBI, in consultation with the Controller General of Accounts, mandated extended banking hours on March 30 and 31, 2010, for government business counters. It also required special clearing with same-day return clearing on those evenings to expedite realization of government revenue instruments.
What it means for you
Banks must keep government counters open late on the last two working days of the financial year to handle the year-end rush of tax payments. The special clearing ensures cheques and instruments for government revenue are processed and credited to the government account by March 31, reducing outstanding floats.
What you must do
Extend banking hours for government business counters on March 30 and 31, 2010, as per local needs.
Arrange special clearing with same-day return clearing on March 30 and 31, 2010, with local clearing house approval.
Issue immediate instructions to all branches handling government business to implement these measures.
Acknowledge receipt of this circular to RBI.
Who it affects
All agency banks conducting government business, Jammu & Kashmir Bank Ltd., Regional Offices of RBI
❓ Common questions
Why are extended hours and special clearing needed?
To manage the year-end rush of tax payments and ensure all government revenue is accounted for by March 31, 2010, as per the financial year closing.
Who approved these special measures?
The measures were decided in consultation with the Controller General of Accounts, Government of India.
What is the deadline for crediting government revenue?
All government revenue must be realized and credited to the government account by March 31, 2010.
📜 Read the original circular — full text as issued by RBI
RBI/2009-10/357
DGBA.GAD.No.H. 7489/42.01.029/2009-10
March 22, 2010
The Chairman / Chairman & Managing Director / Managing Director
All Agency Banks and Jammu & Kashmir Bank Ltd.
Dear Sir,
Annual Closing of Government Accounts - Transactions
of Central / State Governments - Special Measures for the
Current Financial Year (2009-10)
With a view to facilitating accounting of all the Government transactions of the current financial year (2009-10) by March 31, 2010 and meeting the probable rush of tax-payers towards the end of the year, it has been decided, in consultation with Controller General of Accounts, Government of India, to take the following special measures relating to Government transactions:
All Regional Offices of Reserve Bank of India (RBI) and branches of Agency banks conducting Government business will suitably extend the banking hours to conduct Government business by keeping their counters open for the purpose on March 30 and 31, 2010 to facilitate receipt of Government revenue from members of public even at late hours.
Special clearing (with return clearing on the same day) shall be conducted in the evening/night of March 30 and 31, 2010, with the approval of the President of local Clearing Houses run by the Reserve Bank of India/ Agency bank keeping in view the operational convenience at the local centres so that the clearing instruments relating to Government revenue received from members of public are realized and credited to Government account by March 31, 2010.
2. You are requested to issue immediate instructions to all concerned and implement the above instructions.
3. Please acknowledge receipt.
Yours faithfully
(G. C. Biswal)
Deputy General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2009-10/357 · issued 22 Mar 2010. The plain-English explanation above is BankPulse’s own independent summary.
Extend banking hours for government business counters on March 30 and 31, 2010, as per local needs.
Issue immediate instructions to all branches handling government business to implement these measures.
⚙️ Operations
Arrange special clearing with same-day return clearing on March 30 and 31, 2010, with local clearing house approval.
📜 Compliance
Acknowledge receipt of this circular to RBI.
Grouped from the action items above — a single circular may involve more than one team.
Worked example & action-note template
Example: if you are a Branch Manager at a bank this circular applies to (All agency banks conducting government business, Jammu & Kashmir Bank Ltd., Regional Offices of RBI), your first concrete step on “Year-End Special Measures for Government Accounts (FY 2009-10)” is: “Extend banking hours for government business counters on March 30 and 31, 2010, as per local needs.” (RBI issued this 22 Mar 2010).
Circular: RBI/2009-10/357 -- Year-End Special Measures for Government Accounts (FY 2009-10)
Issued: 22 Mar 2010
Action required: Extend banking hours for government business counters on March 30 and 31, 2010, as per local needs.
Action required: Arrange special clearing with same-day return clearing on March 30 and 31, 2010, with local clearing house approval.
Action required: Issue immediate instructions to all branches handling government business to implement these measures.
Action required: Acknowledge receipt of this circular to RBI.
Owner: ____________ Target date: ____________
Board/committee approval needed? Y / N
Evidence filed in compliance register on: ____________
Built only from this circular’s own published fields — not legal advice; always confirm against the official RBI source.
💬 Banker Discussion
Discuss this circular with fellow bankers — reply, upvote what helps, report what doesn’t belong. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.
BankPulse Compliance Evidence Pack — generated 03 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly). Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=5543&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
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