Permissible Period of Remittance of E-payment of Government Transactions - ஆர்பிஐ - Reserve Bank of India
Permissible Period of Remittance of E-payment of Government Transactions
RBI/2008-09/97 July 18, 2008 The Chairman & Managing Director/Managing Director Dear Sir, Permissible Period of Remittance of E-payment of Government Transactions Please refer to our circular No.RBI/2007/235 (DGBA.GAD.No.H.11763/42.01.011/2006-07) January 24, 2007 relating to delay in remittance of Government Receipts. 2. In this connection, we advise that on the basis of the recommendations made by the Standing Committee in its meeting held on April 15, 2008, it has been decided in consultation with the Controller General of Accounts that the remittance period of all Government transactions including EASIEST and OLTAS received through e-payments by Public Sector Banks will be T+2 working days (excluding put through date) w.e.f. August 1, 2008 and T+1 working day (excluding put through date) w.e.f. January 1, 2009. You may, therefore, arrange to remit the Government revenue accordingly. Yours faithfully, (P.M.Rajagopal) |