The government is set for a windfall from the Reserve Bank of India through the surplus transfer to be announced on Friday, when the central bank’s board meets to finalise its FY26 accounts. Analysts tracking Mint Road expect a bumper payout in the range of Rs2.8-3.4 lakh crore, higher than the Rs2.7 lakh crore transferred in FY25. The transfer is expected to provide significant fiscal support to the government amid rising economic uncertainties. The dividend payout is determined under the revised Economic Capital Framework (ECF), which prescribes a capital buffer in the range of 4.5-7.5% of the central bank’s balance sheet. Following a prolonged tussle between the government and the RBI over surplus transfers, the Centre in 2018 appointed a committee headed by former RBI Governor Bimal Jalan to frame a mechanism for such payouts.