Home › Circulars › RBI/2010-11/445

Special Clearing on March 30-31, 2011 for Govt Accounts

Current · Source: Reserve Bank of India · RBI/2010-11/445 · issued 24 Mar 2011 · ~1 min read
Quick answerRBI directs banks to conduct special clearings on March 30 and 31, 2011, with same-day return clearing, to ensure government revenue instruments are realized and credited to government accounts by March 31, 2011.
The rule, in the simplest words
How it plays out — a real example

As a payments & clearing officer in Indore, Rohan has to ensure that all government revenue instruments received from the public are processed and credited to government accounts by March 31. He coordinates with the local Clearing House to align with operational convenience at his center and prioritizes the processing of these instruments to meet the deadline. On March 30 and 31, Rohan works closely with the National Clearing Cell to conduct special clearings with same-day return clearing, ensuring that government revenue is realized and credited to government accounts on time.

What changed

RBI instructed National Clearing Cells to organize special clearings on March 30 and 31, 2011, with same-day return clearing in the evening or night. Clearing Houses under their jurisdiction must also conduct these clearings to facilitate timely crediting of government revenue.

What it means for you

Banks must ensure that instruments related to government revenue received from the public are processed and credited to government accounts by the end of the financial year. This requires coordination with local Clearing Houses and adherence to operational convenience at local centers.

What you must do

Who it affects

All Scheduled Commercial Banks including RRBs, Urban Co-operative Banks, State Co-operative Banks, District Central Co-operative Banks

❓ Common questions

What is the purpose of the special clearing on March 30 and 31, 2011?

To facilitate accounting of all government transactions for the financial year 2010-11 by March 31, 2011, ensuring government revenue instruments are realized and credited to government accounts on time.

Do we need to conduct special clearings at all local centers?

Yes, but with flexibility for operational convenience at each local center, as advised by the National Clearing Cells and Clearing Houses under RBI's regional offices.

📜 Read the original circular — full text as issued by RBI
RBI/2010-11/445 DPSS.CO.CHD.No. 2191/ 03.01.03 / 2010-2011 March 24, 2011 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including RRBs / UCBs / State Co-operative Banks / District Central Co-operative Banks Madam / Dear sir, Special Clearing on March 30th and 31st, 2011 With a view to facilitating accounting of all the Government transactions of the current financial year (2010-11) by March 31, 2011, the National Clearing Cells functioning under the Regional Offices of Reserve Bank of India have been advised to conduct "Special Clearings" with same day return clearing in the evening / night of March 30 and 31, 2011. They have also been advised to ensure that the Clearing Houses under their jurisdiction conduct these clearings, keeping in view the operational convenience at the local centres, so that instruments relating to Government revenue received from members of the public are realised and the proceeds are credited to Government account by March 31, 2011. 2. In this regard, a reference is invited to the circular issued by our Department of Government and Bank Accounts ( vide, DGBA.GAD.No. H.6589/42.01.029 / 2010-11 dated March 23, 2011 ) on ‘Annual Closing of Government Accounts - Transactions of Central / State Governments - Special Measures for the Current Financial Year (2010-11)’. 3. Member banks of Clearing Houses are advised to implement the instructions received by them from the National Clearing Cells / Clearing Houses. Yours faithfully (Arun Pasricha) General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2010-11/445 · issued 24 Mar 2011. The plain-English explanation above is BankPulse’s own independent summary.
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Who does what — compliance checklist
⚙️ Operations
  • Implement instructions from National Clearing Cells or Clearing Houses for special clearings on March 30 and 31.
  • Ensure same-day return clearing is conducted in the evening or night on those dates.
  • Coordinate with local Clearing Houses to align with operational convenience at your center.
📜 Compliance
  • Prioritize processing of government revenue instruments to meet the March 31 deadline.
Grouped from the action items above — a single circular may involve more than one team.
Worked example & action-note template

Example: if you are an Operations officer at a bank this circular applies to (All Scheduled Commercial Banks including RRBs, Urban Co-operative Banks, State Co-operative Banks, District Central Co-operative Banks), your first concrete step on “Special Clearing on March 30-31, 2011 for Govt Accounts” is: “Implement instructions from National Clearing Cells or Clearing Houses for special clearings on March 30 and 31.” (RBI issued this 24 Mar 2011).

  1. Circular: RBI/2010-11/445 -- Special Clearing on March 30-31, 2011 for Govt Accounts
  2. Issued: 24 Mar 2011
  3. Action required: Implement instructions from National Clearing Cells or Clearing Houses for special clearings on March 30 and 31.
  4. Action required: Ensure same-day return clearing is conducted in the evening or night on those dates.
  5. Action required: Coordinate with local Clearing Houses to align with operational convenience at your center.
  6. Action required: Prioritize processing of government revenue instruments to meet the March 31 deadline.
  7. Owner: ____________ Target date: ____________
  8. Board/committee approval needed? Y / N
  9. 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.

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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=6305&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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