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Banks to Remain Open on March 31

Banks to Remain Open on March 31

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  27 March 2019 11:13 AM GMT

Guwahati: The Reserve Bank of India (RBI) on Tuesday has directed all the banks to keep the branches open on March 31, Sunday.

In a circular issued by the RBI, it has been said that the Government of India has advised that all Pay and Account Offices will remain open on March 31, 2019 to facilitate government receipt and payment transactions. Accordingly, all agency Banks are advised to keep all their branches dealing with government business open on March 31.

The RBI in a separate notification said that the Government of India has desired that all the government transactions done by agency banks for financial year 2018-19 must be accounted for within the same financial year and has requested that certain special arrangements be made for the purpose as in the previous years.

The notification also stated that all agency banks should keep their counters of their designated branches conducting government banking open for government transactions up to 8 pm on March 30 and up to 6 pm of March 31.

The notification further reads as, "All electronic transactions including RTGS and NEFT will continue for the extended time on March 30 and 31 for which RBI will issue necessary instructions."

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