RBI Directs Banks to Stay Open on March 31, 2025, for Year-End Transactions

The Reserve Bank of India (RBI) has announced that all agency banks will remain open on March 31, 2025, to ensure smooth financial reporting for the financial year 2024–25. Even though this day is a public holiday in many states, banks must operate to process government transactions properly.

Earlier, March 31 was declared a holiday in most states due to Ramzan-Id (Id-Ul-Fitr), except in Himachal Pradesh and Mizoram. However, the RBI has now instructed banks to stay open to prevent any issues in year-end financial statements.

On this day, important banking services such as tax payments (Income Tax, GST, and Customs duties), pension disbursements, and other government transactions will be available. Digital banking services like online and mobile banking will also function as usual.

Meanwhile, banks will be closed on April 1, 2025, in most states for the annual account closing process. However, a few states, like Meghalaya and West Bengal, will keep banks open on that day.