Know more about agency banks to remain open on March 31- Republic World

Know more about agency banks to remain open on March 31- Republic World

Agency banks to remain open on March 31 | Image:ANILast day of FY: The banks dealing with government business, its receipts, and related payments will remain open for transactions on March 31, the Reserve Bank of India (RBI) has said. The RBI directive is to account for all the government transactions relating to receipts and payments in the FY 2023-24, as per an RBI statement. Notably, the last day of the current financial year is a Sunday. “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) to account for all the Government transactions relating to receipts and…
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Source: https://www.republicworld.com/business/banks-dealing-in-government-business-to-remain-ope-on-march-31/?amp=1