Banks to Remain Open on Sunday, March 31; These Branches Will Be Open On Last Day of Financial Year

New Delhi, March 27: Banks dealing with government business  and transactions have been asked to remain open this Sunday as the last day of the financial year, i.e. March 31, falls on the holiday day. All branches of the banks conducting government banking should keep the counters of their designated branches open for government transactions up to 8 pm on March 30, 2019 and up to 6 pm on 31st March, 2019.

On Tuesday, the Reserve Bank of India (RBI) directed banks to keep open their branches open this coming Sunday to facilitate government receipt and payment transactions "The Government of India has advised that all Pay and Account Offices will remain open on March 31, 2019 (Sunday) to facilitate government receipt and payment transactions. Accordingly, all agency banks are advised to keep all their branches dealing with government business open on March 31, 2019 (Sunday)," RBI stated in a circular. Financial Year Ending 2019 Jokes: These Hilarious March 31st Funny Memes & Images Will Give You All the Ironic Fiscal Feels. 

The RBI circular added that all agency banks should keep their branches dealing with government transactions up to 8 pm on March 30, 2019 and up to 6 pm on March 31, 2019. The RBI further informed that all electronic transactions, including RTGS and NEFT, will continue for the extended time on March 30 and March 31, 2019 for which it will issue necessary instructions.

In another notification, the RBI informed that the Government has desired that all government transactions done by agency banks for financial year 2018-19 must be accounted for within the same financial year. The government has also requested that, as in previous years, certain special arrangements be made for this purpose.

(The above story first appeared on LatestLY on Mar 27, 2019 02:11 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).