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To facilitate the settlement of market transactions as also to aid the transactions of the general public, the Reserve Bank of India will remain open for public transactions on July 1. Normally, the Reserve Bank remains closed for public transactions every July 1 on account of its annual closing of accounts.
The RBI's accounting year is July to June.
However, on July 1, 2015, services such as Real Time Gross Settlement/NEFT, transfer of funds, and settlement of securities will be available from 11 am onwards.
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