Notification/Circular No.: RBI/2024-25/112
Document Date: February 11, 2025
Applicable Act/Rule: Banking Regulation Act, 1949
Effective Date: March 31, 2025
The Reserve Bank of India (RBI) has directed all agency banks to remain open on March 31, 2025 (Monday), despite it being a public holiday. This decision follows a request from the Government of India to ensure that all government receipts and payments for the financial year 2024-25 are duly accounted for.
Banks handling government transactions must ensure that their branches remain operational and provide full banking services on this day. Additionally, banks are required to inform the public about the availability of these services.
The RBI has instructed all agency banks (banks that handle government transactions) to stay open on March 31, 2025, even though it is a public holiday. This is to ensure that all government-related payments and receipts for the financial year 2024-25 are processed within the same financial year.
This move helps avoid delays in government financial records and ensures smooth year-end accounting.
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