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RBI s high surplus transfer to buffer hit on government revenues SECTIONS Last Updated: May 21, 2021, 03:11 PM IST Share Synopsis The RBI announced a surplus transfer of 991.22 billion rupees ($13.58 billion) for the 9-month period from July 2020 to March 2021, the central bank said in a statement. The bank will move to an April to March accounting year from 2021/22, from a July to June year. RBI to transfer Rs 99,122 crore surplus to government The Reserve Bank of India s board approved a significantly higher than expected surplus transfer to the government on Friday but it may not be enough to cushion the damage from a crippling second wave of the novel coronavirus.

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