Important Guidelines: Closing of Financial Year 2025-26
The Office of the Controller General of Accounts (CGA) has issued special guidelines to ensure the smooth closure of the financial year and to avoid last-minute rush in the processing of payment files through PFMS.
Critical Cut-Off Timelines (31st March 2026)
Adherence to these timelines is mandatory; the PFMS system will not allow activity beyond these hours.
1. Centrally Sponsored Schemes (SNA SPARSH)
| Activity | DBT Cut-Off | Non-DBT Cut-Off |
|---|---|---|
| Issuance of Last Mother Sanction | 13:00 hrs | 13:00 hrs |
| Pushing files by Cyber Treasury to PFMS | 15:00 hrs | 16:00 hrs |
| Processing files in PFMS (including DSC) | 18:00 hrs | 19:00 hrs |
| Pushing files to NPCI/e-Kuber | 19:00 hrs | 22:00 hrs |
2. Central Sector Schemes (TSA & Hybrid TSA)
- Issuance of Assignment to CNA: 20:00 hrs.
- Sub-assignment to Child Agencies: 22:00 hrs.
- Submission of e-Payments (TSA): 24:00 hrs.
- Claim Files for Hybrid TSA: 23:00 hrs.
Key Directives for Stakeholders
- Agency Banks: All branches dealing with Government business will remain open on March 31, 2026, despite it being a Public Holiday (Mahavir Janmakalyanak).
- Mother Sanctions: All mother sanctions for FY 2025-26 will lapse at midnight on March 31. Unutilized balances will revert as savings to the respective Budgetary Heads.
- PFMS Availability: The PFMS system will remain operational until 24:00 hrs on March 31 to facilitate year-end transactions.
- Lapsed Assignments: A new SOP allows for the reissuance of unutilized assignments from FY 2025-26 into the new financial year (2026-27) starting from April 1, 00:00 hrs.
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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