Bank Holiday Today, April 1: RBI


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The RBI said all banks would remain closed nationwide on Monday because of the annual closure of commercial and cooperative bank accounts. (Photo Express)

All commercial and cooperative banking institutions will remain closed on Monday, April 1, because of the annual closing of accounts, the Reserve Bank of India said. Bank branches, however, will be open on Sunday to facilitate government receipt and payment transactions.

The central bank in a 26 March notice said that "the government of India reported that all payment and accounting offices will remain open on March 31, 2019 (Sunday) to facilitate government receipt and payment transactions" .

"Banks should give adequate publicity about the availability of banking services above on this day," he added.

In another notice issued on March 28, the RBI also said it had decided to carry out a special clean-up in all "clearinghouses across the country on March 30 and 31, 2019."

Sharing scheduling details, he said that RBI offices, as well as the agency's designated agencies, "will keep their counters open until 8:00 p.m.". on March 30, 2019 and until 6:00 p.m. on March 31st. "

March 31 marks the last day of the current financial year. The next financial year, which is 2019-20, will begin on April 1.


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