Mumbai: All banks in the country will remain open for transactions on 31st March 2025 despite it being a public holiday. The decision was taken to provide convenience to taxpayers. This is because the current financial year will end on 31 March.
In a notification, the Reserve Bank has said that necessary arrangements have been made to conduct special clearing operations across the country to facilitate the accounting of government receipts and payments in the current financial year itself.
There are 12 public sector banks, 20 private banks, and 1 foreign bank which are designated as agency banks by the RBI. The agency banks carry out Central government’s work as well.List of agency banks:
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Bank of Baroda
Bank of India
Bank of Maharashtra
Canara Bank
Central Bank of India
Indian Bank
Indian Overseas Bank
Punjab and Sind Bank
Punjab National Bank
State Bank of India
UCO Bank
Union Bank of India
Axis Bank Ltd.
City Union Bank Ltd.
DCB Bank Ltd
Federal Bank Ltd.
HDFC Bank Ltd.
ICICI Bank Ltd.
IDBI Bank Ltd.
IDFC FIRST Bank Ltd
IndusInd Bank Ltd
Jammu and Kashmir Bank Ltd.
Karnataka Bank Ltd.
Karur Vysya Bank Ltd.
Kotak Mahindra Bank Ltd.
RBL Bank Ltd
South Indian Bank Ltd.
Yes Bank Ltd.
Dhanlaxmi Bank Ltd.
Bandhan Bank Ltd.
CSB Bank Ltd.
Tamilnad Mercantile Bank Ltd.
DBS Bank India Limited
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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