Advisory for payments towards closing of the financial year 2024-25 through PFMS/RBI especially on 31st March 2025: CGA, FinMin O.M. dated 20.03.2025
Ministry of Finance
Department of Expenditure
O/o the Controller General of Accounts
Mahalekha Niyantrak Bhawan
GPO Complex, E-Block, INA,
New Delhi โ 110 023
No. R- 16001/1/2020-GBA-CGA/1495-1595
Dated:- 20 March 2025
Office Memorandum
Subject: Advisory for payments towards closing of the financial year 2024-25 through PFMS/RBI especially on 315t March 2025
Reference is invited to following Office Memorandum issued by this office in connection with the arrangements for closing of Financial Year 2024-2025
(1) OM No. R-16001/1/2020-GBA-CGA/1313-17 dated 17th January 2025 regarding status of March 30, 2025 for Government Transactions (Annexure -I)
(ii) OM No. R-08/4/2-24-GBA-CGA/1343-1381 dated 17th February 2025 regarding opening of Agency Banks on March 31, 2025 (Monday โ Public Holiday) (Annexure -II)
(iii) OM No. TA-2-03001(03)/1/2021-TA-II (E.5450)/64 dated 5th March 2025 regarding advisory to avoid system overload during the last hours of the end of FY 2024-25 (Annexure-III)
(iv) OM No. TA-2-03002(03)/1/2021-TA-II/e-5450/80 dated 12th March 2025 regarding rush of expenditure in the month of March 2025 (Annexure -IV)
2. In order to ensure smooth closure of the financial year 2024-2025, the following special arrangements are also put in place in consultation with RBI and PFMS for March 31, 2025, under IGA, IAAA, TSA, Central Sector Schemes payments (implemented through TSA Model) i.e. under e-kuber integration framework:-
A. For Inter-Governmental Advices (IGAs):-
(i) Electronic IGAs through PFMS can be processed up to 2345 hours on 31st March 2025, as per the RBI window for processing electronic IGAs on the same day. Electronic IGAs which are processed through PFMS and sent to RBI after 2345 hours shall be processed as March Residual. PFMS will remain up and running till the end of FY i.e. up to 2400 hours on 31st March, 2025.
(ii) In case, the IGAs cannot be processed electronically, then the same may be processed physically up to 2400 hours under the signatures of an authorized person updated at RBI and sent to CAS, RBI, Nagpur (format attached as Annexure-V)
(iii) IGA should not be processed through both channels (that is, physically and as well as through PFMS). It should be processed either electronically through PFMS or physically.
B. For IAAA Payments:-
All the payments files under [AAA payments (for above Rs. 100 crores) and other e-payments can be processed through PFMS till the end of FY 2024-25 i.e. up to 2400 hours on 31st March 2025. However, efforts should be made that e-payments files are processed well in advance by 2300 hours and latest by 2330 hours on 31st March 2025 to enable both PFMS and e-kuber system of the RBI process these files smoothly.
C. For Treasury Single Accounts (TSA) and Central Sector Schemes Payments (implemented through TSA framework):-
(i) Under the TSA Systems/Central Sector Schemes, all the assignment advice issued by the PAOs/ABs are valid up to 2400 hours of 315 March 2025.
(ii) However, considering that issuance of e-assignments is pre-payment activity followed by action at the end of the RBI, PFMS and Agencies to begin payment transactions. Accordingly, it must be ensured that assignment limit files meant for FY 2024-25 are sent to e-kuber well in advance by 1800 hours and latest by 2000 hours so that the e-payments against these balance assignments are completed well before closing hours on 31st March 20235.
(iii) In order to avoid system overload during the last days of FY 2024-25, Pr. CCAs/CCAS/CA (i/c) of Ministries/Departments may also request the Programme Divisions in their Ministries/Departments to complete the processing of sanctions expeditiously after taking IFD concurrence etc. wherever applicable for expediting issue of assignment and release of payments against these assignments well before 31st March 2025)
3. Help Desk and Nodal Officers for any issues related to March closing operations are annexed (Annexure โVI)
4. All Pr. CCAs/CCAs/CAs (IC) are requested to issue necessary directions for processing payments accordingly by PAOs/Pr.AOs.
(Sanchita Shukla)
Joint Controller General of Accounts (GBA)
Encl. as above
COMMENTS