Government requests all agency banks to remain open for public on March 31

Banks all over India will have to keep their branches, dealing with government work, open on the last day of the fiscal year – that is, March 31. This has been stated in a directive by the Reserve Bank of India (RBI). This year, March 31 happens to be a Sunday.

According to the central bank, all bank branches have been requested to remain open in order to process all government payments and receipts for the fiscal year 2023–2024.

“The Government of India has made a request to keep all branches of the banks dealing with Government receipts and payments open for transactions on March 31, 2024 (Sunday), so as to account for all the Government transactions relating to receipts and payments in the FY 2023-24 itself.