RBI’s annual closing of accounts

On account of annual closing of accounts, RBI’s books will not be kept open for transactions to be put through on July 1, 2013. Hence, transactions that settle on T+0 basis cannot be put through on July 1; market participants may, however, undertake transactions that settle other than on T+0 basis in the usual manner. Further, services such as RTGS, transfer of funds and settlement of securities will also not be available on July 1, 2013.

Ajit Prasad

Assistant General Manager

Press Release : 2012-2013/2216