RBI Mandates Banks Open on March 31, 2026, Despite Holiday for Government Transactions

• RBI has directed agency banks handling government business to remain open on March 31, 2026, a public holiday.
• This decision ensures all government receipts and payments for FY 2025-26 are recorded within the same financial year.
• The move, requested by the Government of India, prevents disruptions in year-end financial closures.
• Banks will facilitate tax deposits, challan payments, and other government banking services on this day.
• Customers and the public are to be informed by banks to avoid inconvenience for those needing government services.

Why It Matters: RBI mandates banks handling government transactions to open on March 31, 2026, a holiday, for year-end financial closure.