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RBI announces closure of all payment systems on April 1

RBI announces closure of all payment systems on April 1

Thursday, March 30, 2017, 3:45 PM

The Reserve Bank of India (RBI) has said all payment systems will remain closed on 1 April. It is a change from its earlier directive asking banks to remain open on the first day of the next fiscal beginning 1 April. On reconsideration, it has been decided that all payment systems will remain closed on 1 April, 2017, it said.
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