The Reserve Bank of India (RBI) has announced a record dividend payment of Rs 2.11 lakh crore to the government for the fiscal year ending March 31. This amount is more than double the budgeted expectation and will bolster revenue as a new government prepares to take office.
The decision to transfer the surplus was made at the 608th meeting of the RBI board on Wednesday, as stated in an official RBI communication.
In the interim budget for the fiscal year 2024-25 (April 2024 to March 2025), presented in February, the government had anticipated a receipt of Rs 1.02 lakh crore as dividends from the RBI, public sector banks, and financial institutions.
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