Reporting of Transactions by agency banks to RBI

In case of Central Government transactions (electronic as well as in physical mode), if the transactions or any adjustments are reported after a gap of 90 days from the date of transaction, agency banks have to obtain prior approval from concerned ministry/department and submit the same to RBI separately at the time of reporting such transactions for settlement.

All instructions related to the timeline, for reporting of government transactions, remain unchanged.

Based on RBI notification dated 30/11/17. For any further clarification please refer www.rbi.org.in ................ Poppy