 "e-Kuber to be functional on March 31 for govt transactions, says RBI")
Reserve Bank of India's core banking solution for the government e-Kuber will be functional on March 31, 2024, which is a Sunday.
Usually e-Kuber is not operational on holidays like January 26 (Republic Day), August 15 (Independence Day), and October 2 (Gandhi Jayanti), all second and fourth Saturdays of every month and on all Sundays.
The office of Controller General of Accounts, Government of India has advised that in order to account for all the government transactions relating to receipts and payments in the financial year 2023-24 itself, it has been decided that March 31, 2024 (Sunday) be marked as a working day for such transactions, RBI said in a notification on Tuesday.
Government transactions through integration with e-Kuber processed on March 31, 2024 would be accounted for in the financial year 2023-24 itself for arriving at the cash balance of the Government of India, it said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app