RBI to remain open for public transactions today

Reserve Bank of India will remain open for public transactions on July 1, 2015. Normally, the Bank remains closed for public transactions every July 1 on account of its annual closing of accounts.
RBI to remain open for public transactions today
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Reserve Bank of India will remain open for public transactions on July 1, 2015. Normally, the Bank remains closed for public transactions every July 1 on account of its annual closing of accounts.

In view of the annual closing of its books of account on July 1, 2015, services, such as, RTGS/ NEFT, transfer of funds and settlement of securities will be available from 11 AM onwards, the bank said.

It said the settlement of funds as well as securities for all transactions will be effected from 11 AM onwards; settlement of all outstanding transactions under its liquidity adjustment facility(LAF)/ marginal standing facility (MSF) due for reversal will take place at 11 AM.

It also said that the morning LAF window will operate between 11.30 AM and 12.30 PM.

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