RBI cancels March 31 bank holiday: Govt orders banks to stay open for year-end closures
Why was it a holiday on March 31, 2025 earlier?
Banks were supposed to be closed on March 31 in almost all states except Himachal Pradesh and Mizoram for Ramzan-Id (Id-Ul-Fitr).
These Kotak Mahindra Bank debit card services will be unavailable on these days; Check details
The latest directive aims to ensure that all government-related financial transactions, including receipts and payments, are properly accounted for within the financial year 2024-25, which ends on March 31, 2025.
Financial year-end transactions
March 31 marks the closing of the government’s financial year, meaning that all transactions related to government revenue, payments, and settlements must be completed before the new fiscal year begins.
Which banking services will be available on March 31, 2025?
The following banking services will be available on March 31, 2025:
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