Business
Banks are open this Saturday, Sunday: Transactions you can do on March 30, March 31
The Reserve Bank Of India (RBI) said that all agency banks will be open for over the counter transactions related to government transactions on March 30 and March 31. The central bank said in a notification, “The Government of India has made a request to keep all branches of the banks dealing with Government receipts and payments open for transactions on March 31, 2024 (Sunday) so as to account for all the Government transactions relating to receipts and payments in the FY 2023-24 itself. Accordingly, Agency Banks are advised to keep all their branches dealing with government business open on March 31, 2024 (Sunday).”
As per RBI website, “RBI carries out the general banking business of the governments through its own offices and commercial banks, both public and private, appointed as its agents. Section 45 of the Reserve Bank of India Act, 1934, provides for appointment of scheduled commercial banks as agents at all places or at any place in India, for purposes that it may specify, having regard to public interest, convenience of banking, banking development and such other factors which in its opinion are relevant in this regard.”