Banks to remain open on 31st March, RBI cancels Holiday
The Reserve Bank of India (RBI) has announced that all agency banks will remain open on March 31, 2025, despite it being a public holiday. This decision ensures all government-related transactions for the financial year 2024-25 are completed within the fiscal year.
New Delhi: In its recent notification, the Reserve Bank of India announced that all agency banks will open on 31st March 2025. The Government of India has requested to keep all branches of the banks dealing with Government receipts and payments open for transactions on March 31, 2025 (Monday-Public Holiday) to account for all the Government transactions relating to receipts and payments in the Financial Year 2024-25 itself.
Accordingly, Agency Banks are advised to keep all their branches dealing with government business open on March 31, 2025 (Monday).
The RBI also mentioned that banks shall give due publicity about the availability of the above banking services on this day.
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Earlier the banks were previously closed on March 31 in almost all states to observe Ramzan-Id (Id-Ul-Fitr), a public holiday in many states across India except Himachal Pradesh and Mizoram.
However, to ensure that all government transactions for the financial year 2024-25 are accounted for within the same fiscal year, the Reserve Bank of India (RBI) has requested that banks remain open on March 31, 2025.
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