Home › Circulars › RBI/2013-2014/252

Special Clearing on Sep 14-15 for Advance Tax

Current · Source: Reserve Bank of India · RBI/2013-2014/252 · issued 13 Sep 2013 · ~1 min read
Quick answerRBI mandates special clearing on Sep 14-15, 2013, exclusively for government receipts (advance tax). Agency banks can present instruments; all member banks must keep inward processing open and maintain sufficient settlement balances.
The rule, in the simplest words
How it plays out — a real example

On Sep 14, 2013, Rohan, an agency-banking (government business) officer in Indore, ensures that his bank's inward clearing infrastructure is open and ready for the special clearing. He also makes sure that the bank's settlement account balance is sufficient to meet any obligations from the special clearing. This way, the bank can facilitate timely government tax accounting by the September 15 due date.

What changed

RBI directed all clearing houses to conduct special presentation and return clearing on September 14 and 15, 2013, exclusively for government receipts (advance income tax and corporate tax). Only agency banks handling government business are allowed to present instruments; other member banks must keep inward clearing infrastructure operational and maintain adequate settlement account balances.

What it means for you

Banks must ensure their clearing operations are fully functional on these two days, even though it's a weekend. Agency banks get exclusive presentation rights, but all banks face settlement obligations from the special clearing. This facilitates timely government tax accounting by the September 15 due date.

What you must do

Who it affects

All scheduled commercial banks including RRBs, UCBs, state/district co-operative banks, and local area banks, Agency banks handling government business, Clearing houses across the country

❓ Common questions

Which instruments are eligible for this special clearing?

Only instruments related to government receipts, specifically advance tax payments under income tax and corporate tax, are eligible for presentation in this special clearing.

Do all banks need to participate in the special clearing?

Yes, all member banks of clearing houses must keep their inward clearing processing infrastructure open and maintain sufficient settlement account balances. However, only agency banks doing government business are permitted to present instruments.

📜 Read the original circular — full text as issued by RBI
RBI/2013-2014/252 DPSS.CO.CHD.No. 630/03.01.03/2013-2014 September 13, 2013 The Chairman and Managing Director / Chief Executive Officer All Scheduled Commercial Banks including RRBs / UCBs / State Co-operative Banks / District Central Co-operative Banks/Local Area Banks Madam / Dear Sir, Special Clearing on September 14 and 15, 2013 With a view to facilitate accounting of Government receipts (advance taxes under income tax and corporate tax) for the financial year 2013-14 by due date (September 15, 2013), it has been decided to conduct special clearing at all clearing houses across the country on September 14 and 15, 2013 as detailed below: Presentation clearing
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2013-2014/252 · issued 13 Sep 2013. The plain-English explanation above is BankPulse’s own independent summary.
🧰 Tools — save, print, templates & related
Most relevant forBranch Operations (Accounts / FD / CASA)Branch Manager — Private Bank / SFBBranch Manager — PSU / Co-op / RRB (sanctioning powers)Teller / Cashier / Customer Service OfficerCorporate / Wholesale Banking RMCurrent Account / Trade RM
🛠 Banker’s toolkit — checklists & reply templates →
Related circulars · Payment & Settlement Systems
RBI mandates settlement accounts for payment intermediariesRBI Revises Cheque Collection Charges from April 2011NECS Expansion: Banks Must Onboard All NEFT BranchesMandatory electronic payments for large-value transactionsStandardised RTGS Return Process and Customer Alerts
Browse all departments →
Who does what — compliance checklist
⚙️ Operations
  • Ensure inward clearing processing infrastructure is open during special clearing hours on Sep 14-15.
  • Maintain sufficient balance in your clearing settlement account to meet obligations from special clearing.
  • Coordinate with your local clearing house and RBI regional office for exact timings.
📜 Compliance
  • Prepare to participate in RTGS and NEFT on these days as per separate broadcast messages.
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, UCBs, state/district co-operative banks, and local area banks, Agency banks handling government business, Clearing houses across the country), your first concrete step on “Special Clearing on Sep 14-15 for Advance Tax” is: “Ensure inward clearing processing infrastructure is open during special clearing hours on Sep 14-15.” (RBI issued this 13 Sep 2013).

  1. Circular: RBI/2013-2014/252 -- Special Clearing on Sep 14-15 for Advance Tax
  2. Issued: 13 Sep 2013
  3. Action required: Ensure inward clearing processing infrastructure is open during special clearing hours on Sep 14-15.
  4. Action required: Maintain sufficient balance in your clearing settlement account to meet obligations from special clearing.
  5. Action required: Coordinate with your local clearing house and RBI regional office for exact timings.
  6. Action required: Prepare to participate in RTGS and NEFT on these days as per separate broadcast messages.
  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.

💬 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.

Loading comments…
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=8409&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.
Public beta — plain-English informational summaries. Always verify against the official RBI source (circular number cited on every page) before making compliance, credit, treasury, audit, or operational decisions. · Join our WhatsApp channel ↗
—