No Bank Holiday On Sunday? RBI Directs THESE Banks To Remain Open On March 31; Check List Here

RBI has directed certain banks to remain open on March 31st, despite it being a Sunday. This decision comes as the last day of the current financial year, 2023-24, falls on a Sunday.

The Reserve Bank of India (RBI) has issued a request to all agency banks handling government business to keep their branches open on March 31, 2024. This decision comes as the last day of the current financial year, 2023-24, falls on a Sunday. The Central bank said that the Government of India has specifically asked for all branches dealing with government receipts and payments to remain operational on this day to ensure that all transactions related to the fiscal year 2023-24 are accounted for. “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 FY2023-24 itself,” the RBI said in a statement.

Agency banks have been instructed to maintain all branches engaged in government business open on March 31, 2024, and are advised to publicize the availability of banking services on this exceptional day.

All Agency Banks to remain open for public on March 31, 2024 (Sunday)https://t.co/7eI5CZtlh0

— ReserveBankOfIndia (@RBI) March 20, 2024

Banks that will remain open on March 31

• Bank of Baroda
• Bank of India
• Bank of Maharashtra
• Canara Bank
• Central Bank of India
• Indian Bank
• Indian Overseas Bank
• Punjab and Sind Bank
• Punjab National Bank
• State Bank of India
• UCO Bank
• Union Bank of India

Scheduled Private Sector Banks

• Axis Bank Ltd.
• City Union Bank Ltd.
• DCB Bank Ltd
• Federal Bank Ltd.
• HDFC Bank Ltd.
• ICICI Bank Ltd.
• IDBI Bank Ltd.
• IDFC FIRST Bank Ltd
• IndusInd Bank Ltd
• Jammu and Kashmir Bank Ltd. (Approved for limited agency business)
• Karnataka Bank Ltd.
• Karur Vysya Bank Ltd.
• Kotak Mahindra Bank Ltd.
• RBL Bank Ltd
• South Indian Bank Ltd.
• Yes Bank Ltd.
• Dhanlaxmi Bank Ltd.
• Bandhan Bank Ltd.
• CSB Bank Ltd.
• Tamilnad Mercantile Bank Ltd.

Foreign Banks

DBS Bank India Limited (Scheduled foreign bank issued license by RBI for carrying on banking business in India through Wholly Owned Subsidiary (WOS) mode.)

Earlier, the Income Tax department has announced the cancellation of the long weekend initially scheduled from March 29 to March 31, 2024. This decision was made in light of the pending tax-related tasks that need to be addressed. The original schedule included Good Friday on March 29, which is a public holiday, followed by Saturday, March 30, and Sunday, March 31.

“To facilitate completion of pending departmental work, all the Income Tax Offices throughout India shall remain open on 29th, 30th and 31st March 2024,” said the Income-tax department in an order dated March 31, 2024.