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All Payment Systems To Remain Closed On April 1, 2017

RBI Notification RBI/2016-17/260 DPSS.CO.CHD.No./2720/03.01.03/2016-17 dated March 29, 2017

1. A reference is invited to the our recent circular RBI/201617/257 DPSS.CO.CHD.No./2695/03.01.03/ 2016-17 dated March 25, 2017 stating that all payment systems, including RTGS and NEFT would operate, as on a normal working day, during the period March 25 to April 1, 2017 (including Saturday, Sunday and all holidays). However, on reconsideration, it has been decided that all payment systems will remain closed on April 1, 2017. A separate broadcast message in this regard will be issued through the respective system to the member banks.

2. In this context it is clarified that our instructions issued vide RBI/2016-17/255 DPSS.CO.CHD.No./2656/03.01.03/2016-17 dated March 23, 2017 (on conducting Special Clearing operation on March 30 and 31, 2017) remains unchanged.

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