Eid-ul-Fitr is on 31st March. It 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. Let us know the reason behind this.
The festival of Eid-ul-Fitr will be celebrated in the country on March 31. In such a situation, there are holidays in all the government offices of the country. But, RBI has canceled the leave of bank employees. 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
Banks will remain closed on Eid. Only a few works can be 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.
Banks will remain closed on 1 April as well
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. Banks will remain open in Himalayan states, Mizoram, West Bengal and Meghalaya. They will remain closed in other places.
Related Articles:-
ATM Cash withdrawal Fees increased by 2 Rupees Per Transaction From 1st May
Tax slabs, TDS and rebates… these big tax rules will be implemented from April 1
