Advisory for FY 2025-26 Closing Payments
Published on: 6th March, 2026
Download Official PDFThe Ministry of Finance, Department of Expenditure, through the Office of the Controller General of Accounts (CGA), has issued a critical advisory to ensure the smooth closure of the financial year 2025-26. This guidance specifically targets payments made through PFMS/RBI on 31st March 2026.
Critical Deadlines for 31st March 2026
To prevent system overloads and ensure all transactions are accounted for within the current fiscal year, the following timelines have been established:
1. Inter-Governmental Advices (IGAs)
- Electronic IGAs: Processed through PFMS up to 23:45 hours.
- Residual Processing: Files sent after 23:45 hours will be treated as "March Residual".
- Physical IGAs: If electronic generation fails, physical copies signed by authorized officials can be sent to CAS, RBI, Nagpur until 24:00 hours.
2. e-Payments (IAAA & Others)
- While PFMS remains operational until 24:00 hours, it is advised to process e-payment files by 22:00 hours and no later than 23:30 hours.
3. Treasury Single Accounts (TSA)
- Assignment Limits: Files must be sent to e-Kuber by 18:00 hours (latest 20:00 hours) to ensure completion before closing.
- Validity: All assignment advice is valid up to 24:00 hours on 31st March 2026.
4. DBT Payments (NACH)
- Presentation Session: Extended from 12:00 PM to 3:00 PM.
- Return Session: Will close by 6:00 PM.
Agency Banks & Public Holidays
Despite March 31, 2026, being a public holiday (Mahavir Janmakalyanak), the Reserve Bank of India has directed all Agency Banks dealing with Government business to remain open. This ensures that all receipts and payments are correctly accounted for in the FY 2025-26 cash balance.
Roles and Responsibilities
| Role | Primary Responsibility |
|---|---|
| Pr. CCAs/CCAs | Monitor system readiness and ensure strict adherence to timelines. |
| Program Division | Expedite sanction processing and IFD concurrence. |
| Implementing Agencies | Ensure claim transfers are approved and signed by 24:00 hours. |
| Banks | Process payment files and return failed transactions for re-initiation in FY 2026-27. |
Transition to FY 2026-27 (Mother Sanctions)
A new functionality for Mother Sanctions for the 2026-27 financial year will go live on 20th March 2026. This allows Ministries to meet the fund requirements of the first month of the new year in advance. These sanctions will remain inactive until 1st April 2026.
Educational Purpose Only: The information provided in this article is for general informational and educational purposes only.
Accuracy & Mistakes: While every effort has been made to ensure accuracy, human errors or omissions may occur.
No Liability: Under no circumstances shall the author or this website be held liable for any loss arising from the use of this information.
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