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March 2025 Central Govt Transaction Closure: April 10 Deadline

Current · Source: Reserve Bank of India · RBI/2024-25/122 · issued 28 Feb 2025 · ~2 min read
Quick answerRBI sets April 10, 2025 as the residual transaction closure date for March 2025. Agency banks must segregate March and April scrolls, use courier for late challans, and ensure all FY 2024-25 collections/payments are accounted in the same financial year.
The rule, in the simplest words
How it plays out — a real example

An agency-banking (government business) officer in Indore receives a March 31 tax payment challan on April 5. She uses a courier to rush it to her nodal branch, which then puts it in a pile labeled 'March Residual – 3' and sends a separate daily report to the Link Cell, ensuring the money counts for the last financial year, not the new one.

What changed

The Government of India fixed April 10, 2025 as the closure date for residual March 2025 transactions, replacing the previous year's procedure. Agency banks must now prepare separate scrolls for March residual and April transactions during the first 10 days of April, with distinct serial numbering for March residual scrolls.

What it means for you

Banks must ensure receiving branches use special courier arrangements to forward March challans/scrolls to nodal branches before April 10, preventing FY 2024-25 transactions from spilling into FY 2025-26. Nodal branches must segregate daily scrolls and send separate March residual advices to Link Cells, which then settle with RBI CAS Nagpur. Mixing March and April transactions will cause accounting errors.

What you must do

Who it affects

All agency banks handling Central Government transactions, Receiving branches of agency banks, Nodal/Focal Point branches, Link Cells of agency banks

❓ Common questions

What is the deadline for reporting March 2025 residual transactions?

April 10, 2025. After this date, transactions will be reported in the usual manner for the month of report, regardless of the transaction date.

How should nodal branches label March residual scrolls?

They must be distinctly marked as 'March Residual – 1', 'March Residual – 2', and so on, in consecutive order for each main scroll sent from April 1 to April 10, 2025.

What happens if March and April transactions are mixed?

Mixing will cause incorrect accounting for FY 2024-25. The circular explicitly requires segregation to ensure all March transactions are accounted in the current financial year.

📜 Read the original circular — full text as issued by RBI
RBI/2024-25/122 CO.DGBA.GBD.No.S954/42-01-029/2024-2025 February 28, 2025 All Agency Banks Madam/Dear Sir, Reporting and Accounting of Central Government transactions for March 2025 Please refer to Circular DGBA.GBD.No.S1217/42-01-029/2023-2024 dated March 13, 2024 advising the procedure to be followed for reporting and accounting of Central Government transactions including Central Board of Direct Taxes, Central Board of Indirect Taxes and Customs, Departmentalized Ministries and Non-Civil Ministries at the Receiving/Nodal/Focal Point branches of your bank for the Financial Year 2023-24. 2. The Government of India has decided that the date of closure of residual transactions for the month of March 2025 be fixed as April 10, 2025. In view of the ensuing closing of Government accounts for the financial year 2024-25, receiving branches including those not situated locally, should adopt special arrangements such as courier service etc., for passing on challans/scrolls etc., to the Nodal/Focal Point branches so that all payments and collections made on behalf of Government towards the end of March are accounted for in the same financial year. These instructions regarding special messenger arrangements may please be informed to all branches concerned. 3. As regards reporting of March 2025 transactions by Nodal/Focal Point branches in April 2025, the branches may be advised to follow the procedure as outlined in the Annex . To sum up, the Nodal/Focal Point branches will be required to prepare separate set of scrolls, one pertaining to March 2025 residual transactions and another for April transactions during the first 10 days of April 2025. The Nodal/Focal Point branches should also ensure that all transactions (revenues/tax collections/payments) at the receiving branches up to March 31, 2025 are effected in the accounts for the current financial year itself and are not mixed up with the transactions of April 2025. Also, while reporting transactions pertaining to March 2025 up to April 10, 2025, the transactions of April 2025 should not be mixed up with the residual transactions relating to March 2025. 4. Kindly issue necessary instructions in the matter to your branches concerned immediately. Yours faithfully (Indranil Chakraborty) Chief General Manager Encl: As above ANNEX Reporting of March 2025 transactions Beginning from April 1, 2025, the Nodal/Focal Point branches will segregate on a daily basis all scrolls/challans pertaining to March 2025 received from the receiving branches concerned and prepare separate main scrolls for: scrolls for transactions of March 2025 or earlier period (i.e. effected during the previous financial year 2024-25) and scrolls pertaining to current transactions (i.e. those effected from April 1, 2025 onwards). 2. The main scrolls for March 2025 transactions prepared from April 1 to April 10, 2025 are to be distinctly marked as March Residual – 1, March Residual – 2 and so on upto April 10, 2025. In other words, serial number should be allotted in consecutive order for each main scroll of March 2025 transactions sent from April 1 to April 10, 2025. These scrolls along with the copies of daily summary of Receipts and Payments prepared separately for March 2025 transactions will be forwarded to the Departmental Officials concerned (i.e. Zonal Accounts Officers/Pay and Accounts Officers and Designated Officers) in the usual way. The Nodal/Focal Point branches will also be required to report the above transactions to the Link Cell through separate Daily Memos. These advices must be sent to enable the Link Cell of each bank, to make daily settlement with Reserve Bank of India, Central Accounts Section (CAS) Nagpur. On receipt of advices from the Nodal/Focal Point branches, the Link Cell should segregate the advices for the March Residual transactions and forward them separately to Reserve Bank of India, CAS, Nagpur. This procedure should continue upto and inclusive of April 10, 2025 only. All transactions reported thereafter by the receiving branches will be reported and accounted for in the usual manner in the accounts of the month of report irrespective of the date of transaction. Following the special arrangements for March 2025 transactions, it is necessary for the Nodal/Focal Point branches to prepare two sets of DMS to be submitted to Zonal Accounts Officers/Pay and Accounts Officers for March 2025 transactions – one for transactions upto March 31, 2025 and another for March Residual transactions adjusted by Nodal/Focal Point branches with Reserve Bank of India, Central Accounts Section, Nagpur, during April 1 to April 10, 2025. 3. Since the Nodal/Focal Point branch will also be reporting the April 2025 transactions pertaining to year 2025-26 in addition to March 2025 residual transactions, monthly statement for April 2025 transactions should be compiled and furnished to Zonal Accounts Officers/Pay and Accounts Officers in the usual way. In order to distinguish the April 2025 (financial year 2025-26) and March Residual Transactions, the statement pertaining to March Residual Transactions should be clearly marked as "March Residual Account". The statement of March (Residual) Transactions should be sent by all Focal Point Branches to Zonal Accounts Officers/Pay and Accounts Officers latest by April 18, 2025. Kindly note that all the cheques/amounts realized on or before March 31, 2025 should be treated as transactions relating to the current financial year as "March 2025 or March Residual Transactions", the reporting of which may take place during the month of April (upto April 10, 2025). But if any cheque is tendered on or before March 31, 2025 and realised on or after April 1, 2025, it will be treated as transaction for the next financial year as "April Transactions". Accordingly, the banks may prepare separate scrolls for March 2025 and April 2025 (Financial year 2025-26) transactions.
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2024-25/122 · issued 28 Feb 2025. The plain-English explanation above is BankPulse’s own independent summary.
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Who does what — compliance checklist
🏦 Branch Manager
  • Instruct all receiving branches to use courier or special messenger for March 2025 challans/scrolls to reach nodal branches by April 10.
  • Direct nodal/focal point branches to prepare separate main scrolls for March residual (marked 'March Residual – 1, 2...') and April transactions from April 1 to 10.
  • Ensure nodal branches send separate Daily Memos for March residual transactions to Link Cells for daily settlement with RBI CAS Nagpur.
📜 Compliance
  • Verify that all March 31, 2025 collections/payments are booked in FY 2024-25 accounts and not mixed with April 2025 transactions.
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 handling Central Government transactions, Receiving branches of agency banks, Nodal/Focal Point branches, Link Cells of agency banks), your first concrete step on “March 2025 Central Govt Transaction Closure: April 10 Deadline” is: “Instruct all receiving branches to use courier or special messenger for March 2025 challans/scrolls to reach nodal branches by April 10.” (RBI issued this 28 Feb 2025).

  1. Circular: RBI/2024-25/122 -- March 2025 Central Govt Transaction Closure: April 10 Deadline
  2. Issued: 28 Feb 2025
  3. Action required: Instruct all receiving branches to use courier or special messenger for March 2025 challans/scrolls to reach nodal branches by April 10.
  4. Action required: Direct nodal/focal point branches to prepare separate main scrolls for March residual (marked 'March Residual – 1, 2...') and April transactions from April 1 to 10.
  5. Action required: Ensure nodal branches send separate Daily Memos for March residual transactions to Link Cells for daily settlement with RBI CAS Nagpur.
  6. Action required: Verify that all March 31, 2025 collections/payments are booked in FY 2024-25 accounts and not mixed with April 2025 transactions.
  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=12789&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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