Sunday, March 31, but bank-IT offices will open: Banking will be like a working day; Reserve Bank issued notification

Despite March 31, 2024 being a Sunday holiday, all agency banks will remain open to the public. For this, the Reserve Bank of India (RBI) has issued a notification today on Wednesday. The Income Tax Department has also asked to keep all its offices open. According to the RBI circular, “Banks are advised to keep all their branches related to government business open on Sunday, March 31, 2024. Apart from this, all agency banks will also remain open to the public, so that in FY24, receipts and So that accounts of all government transactions related to payments can be maintained. Let us tell you that this day is the last day of the current financial year 2023-24 (FY24). It is clear from this circular that along with government work, banks will also work for the general public. On this day, all the facilities provided to the general public will be available as before. This notification has been issued through RBI Chief General Manager Sunil TS Nair. All transactions are settled. Every year March 31 is the last day of the financial year. On this day, all transactions related to the government should be settled ideally. Due to this, transactions through National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) system continue till 12 midnight on March 31. Along with Good Friday, Saturday and Sunday holidays have also been canceled in the Income Tax Department. Due to the end of the current financial year, the Income Tax Department has also canceled the long weekend holidays of all its offices. Today the department has issued a circular regarding this. The department has taken this decision to complete tax related work. That means, all the offices of the Income Tax Department will remain open on March 29 (Friday), March 30 (Saturday) and March 31 (Sunday). With this decision of the department, the taxpayer will get 3 more days to complete the tax related work, because due to Holi this week, all the Income Tax Department offices will remain closed on Monday. In such a situation, to provide convenience to the taxpayers, the department has decided to end the long weekend.

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