Type of Document: Circular
Notification Date: 3-Jan-2025
Relevant Act(s)/Rule(s): Reserve Bank of India, 1934
Circular No.: RBI/2024-25/103 | CO.DGBA.GBD.No.S770/42-01-029/2024-2025
Reserve Bank of India (RBI) has issued a circular to all Agency Banks regarding the operation of the e-Kuber platform for government transactions on March 30, 2025. Key points include:
Background:
e-Kuber, the Core Banking Solution platform of RBI, does not process government transactions on global holidays, including Sundays.
March 30, 2025, falls on a Sunday, which is a global holiday.
Special Working Day:
Following guidance from the Office of Controller General of Accounts, Government of India, March 30, 2025, has been designated as a working day for government transactions to ensure all receipts and payments are accounted for within the financial year 2024-25.
Operational Measures:
e-Kuber will remain operational for government transactions on March 30, 2025.
Agency Banks must ensure all government-related transactions are processed through e-Kuber on this date to reflect accurate cash balances for both the Central and State Governments.
Luggage files for government transaction data transfer to RBI will be accepted by e-Kuber up to the stipulated cut-off time on March 30, 2025.
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