RTGS/NEFT to remain open on September 15, 2013


 

Reserve Bank of India, has advised all Bank Participants of RTGS/NEFT network that RTGS/NEFT will function as usual on September 15, 2013 i.e a Sunday.

The main reason is to enable Indian tax payers to remit the Advance Tax to the Government. As September 15, 2013 is a Sunday, this decision has been taken.

However, as this facility has not been adequately advertised, there would be very minimal RTGS/NEFT transactions relating to Tax payments.

However, as a Special Clearing is being conducted to facilitate accounting of Government receipts (advance taxes under income tax and corporate tax), few bank customers might execute RTGS/NEFT transactions.

 

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