RBI cancels holiday of all bank employees on 31 March
RBI cancels holiday of all bank employees on 31 March
Eid-ul-Fitr is on 31st March and will be celebrated all over the country. In such a situation, there will be a holiday in all government offices in India. There will be no work. But all the banks of the country will remain open on that day.
March 31 is the last day of the financial year 2024-25, so RBI has canceled the leave of bank employees. The bank has made this announcement to properly manage the process of financial transactions on the last day of the financial year.
It is the last day of the financial year. In such a situation, RBI has decided to open banks to balance the financial transactions. Earlier, banks were to be opened only in Mizoram and Himachal Pradesh, but later RBI has decided to open banks all over the country.
Not all work will be done
Banks will remain open on Eid on 31st March, but all types of work will not be done in banks on that day. Some fixed transactions will be done. For example, on 31st March, payments related to income tax, custom duty, excise duty and GST will be done. Only payments related to distribution of pension and government allowances will be done.
Digital payments will continue
done by visiting banks. But, you need not worry. Because mobile banking facilities, online fund transfer and government tax payment services will continue. You will not need to go to the branch for these works.
March 31 is the last day of the financial year. Banks will be open due to closing day. But on the next day, i.e. on April 1, work will be closed everywhere except in some states of the country.
News Edit KV Raman
