Are banks open today? These banks will be open on 30 and 31 March. Details here
Good Friday 2024 Bank holiday: Are banks open in your city today? There are 12 public sector banks, 20 private banks, and one foreign bank which are designated as agency banks by the RBI. The agency banks carry out Central government's work as well.
"Section 45 of the Reserve Bank of India Act, 1934, provides for the appointment of scheduled commercial banks as agents at all places or any place in India, for purposes that it may specify, having regard to the public interest, convenience of banking, banking development and such other factors which in its opinion are relevant in this regard". After a year of exuberance, markets bid adieu to FY24 Banks take customers' money illegally for Modi govt’s insurance schemes: Report Customers can do transactions via the National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) System.
Besides agency banks will clear cheques related to Government accounts. Individuals who want to make tax payments to the government can do so by visiting the agency banks' branches as well.
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