Public Holiday on March 31, 2025: Are Banks Open or Closed on Financial Year-End? RBI Issues Important Update

In a move to facilitate smooth financial transactions, the Reserve Bank of India (RBI) has announced that all banks will remain open on 31st March 2025, despite it being a public holiday. This decision aims to assist taxpayers in completing their financial obligations before the end of the fiscal year.

In a notification issued on Monday, the RBI stated that special clearing operations will be conducted across the country to ensure the seamless processing of government receipts and payments within the current financial year. The central bank has also issued separate instructions to all banks, directing them to keep their branches open for over-the-counter transactions during normal working hours on the day.

सार्वजनिक सुट्टी असूनही यावर्षी 31 मार्च ला सर्व बँकांचे व्यवहार सुरू राहणार असल्याचं रिझर्व्ह बँकेनं म्हटलं आहे..यासह #विविधभारतीपुणे केंद्रावरील #ठळकबातम्या खालील लिंकवर…https://t.co/ZgizA7fVIi

— AIR News Pune (@airnews_pune) March 18, 2025

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This initiative will benefit businesses, taxpayers, and other financial entities that need to complete year-end transactions without disruption. With the financial year drawing to a close, the RBI’s decision ensures that all essential banking operations can be carried out without inconvenience.