Bank Holiday: The Reserve Bank of India (RBI) has directed to keep the banks open on Monday, March 31, 2025. Banks will remain open even after Eid. These instructions will apply to all banks that handle government transactions. RBI has taken this decision to properly settle the transactions of the financial year 2024-25.
Why was there a holiday on 31st March earlier?
Actually, on 31 March 2025, banks were going to remain closed in almost all the states due to Ramzan Eid (Eid-ul-Fitr). Banks were going to remain open only in Himachal Pradesh and Mizoram. But now the government has ordered to keep the banks open to continue the process of financial transactions properly.
For which services will the banks remain open?
Government tax payment – income tax, GST, custom duty, excise duty etc.
Payment of pension and government grants
Distribution of government salaries and allowances
Payments related to government schemes and subsidies
Bank holiday will remain on 1st April too
Let us tell you that banks will remain closed in most states and union territories on Tuesday, 1 April 2025. Like every year, it will remain closed due to annual account closing of banks and the beginning of the new financial year. However, banks will remain open on this day in Meghalaya, Chhattisgarh, Mizoram, West Bengal and Himachal Pradesh.
Digital banking services will continue
If you use online banking then there is no need to panic. Digital services like mobile banking, online fund transfer and government tax payment will continue as usual. However, customers can contact their bank branch for any updates.