Bank Holiday: If you were thinking of going to the bank on March 31 and were confused about the holiday, then there is good news for you. The Reserve Bank of India (RBI) has instructed to keep it open on Monday, March 31, 2025. These instructions will apply to all banks that handle government transactions
Bank Holiday: Reserve Bank of India (RBI) has directed to keep banks open on Monday, March 31, 2025. Banks will remain open even after Eid. These instructions will apply to all banks that handle government transactions. RBI has taken this decision to properly settle the transactions of the financial year 2024-25.
Why was there a holiday on March 31 earlier?
Actually, on March 31, 2025, banks were going to be closed in almost all the states due to Ramzan Eid (Eid-ul-Fitr). Banks were going to remain open only in Himachal Pradesh and Mizoram. But now the government has ordered to keep the banks open to continue the process of financial transactions properly.
For which services will the banks remain open?
- Government tax payments – income tax, GST, custom duty, excise duty etc.
- Payment of pension and government grants
- Distribution of government salaries and allowances
- Payments related to government schemes and subsidies
Bank holiday will also be on April 1
Let us tell you that on Tuesday, April 1, 2025, banks will remain closed in most states and union territories. Like every year, it will be closed due to annual account closing of banks and the beginning of the new financial year. However, banks will remain open on this day in Meghalaya, Chhattisgarh, Mizoram, West Bengal and Himachal Pradesh.
Digital banking services will continue
If you use online banking then there is no need to panic. Digital services like mobile banking, online fund transfer and government tax payment will continue as usual. However, customers can contact their bank branch for any update.
