Bank Holiday In March: The Reserve Bank of India (RBI) has cancelled the Eid-ul-Fitr holiday on 31 March 2025. RBI has ordered all banks to ensure that the bank remains open on 31 March. Actually, March 31 is the last date of the financial year 2024-25. In such a situation, RBI has issued this order so that all government transactions can be completed properly by the end of the financial year 2024-25.
RBI has clarified that all banks which handle government transactions will remain open on 31 March 2025. The purpose of this is to ensure that all government transactions, receipts and payments are recorded in the financial year 2024-25 itself.
Banks will remain open across the country
Earlier, banks were going to remain closed in most states on March 31 due to Eid-ul-Fitr. It was also declared a bank holiday in almost all the states except Himachal Pradesh and Mizoram. But now under the new instructions of the government and RBI, all banks will remain open on this day.
March 31 is the last day of the financial year
March 31 is the last day of the government’s financial year. All government revenues, payments and other financial transactions need to be completed on this day. Therefore, the government took this step to ensure correct reporting of the financial year 2024-25.
Which banking services will be available?
On this day, payment of government taxes like Income Tax, GST, Custom and Excise Duty will be possible. Along with this, the work of pension payment, government subsidy transfer, details of government salary and allowances will also continue.
Soon a note with the signature of the new governor will be issued
The Reserve Bank of India will soon issue Rs 50 banknotes bearing the signature of newly appointed Governor Sanjay Malhotra. Malhotra replaced Shaktikanta Das in December 2024. The central bank said in a statement on Wednesday that the design of these notes will be similar to the Rs 50 banknotes of the Mahatma Gandhi (New) series.
Related Articles:-
- Toll Plaza Closed: Big relief….THIS Toll plaza will be closed from February 17, check details
- Alimony Can Be Given Even if Marriage is Invalid under Hindu Marriage Act: Supreme Court
- Toll Collection New System: NHAI is considering installing audit cameras at toll plazas that collect higher tolls
- Vande Bharat: Good news! Now Vande Bharat train will run in this state, PM Modi can flag it off next month
- Bank a/c Holders ALERT! RBI has imposed a ban on withdrawing money from this bank, do you also have an account there ?
