No bank holiday on Sunday? Govt requests all banks dealing with govt receipts and payments to open on March 31: Here's why

The Government of India has requested that all branches of the banks dealing with government receipts and payments be kept open for transactions on March 31, 2024 (Sunday) — the last day of the outgoing financial year FY23 — so as to account for all the government transactions relating to receipts and payments in the FY 2023-24 itself, an official statement said. 

The statement added that, accordingly, Agency Banks have been advised to keep all their branches dealing with government business open on March 31, 2024 (Sunday).

It added that banks have been asked to give due publicity about the availability of banking services on the Sunday so the general public can avail the services.

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An official RBI note said: "The Government of India has made a request to keep all branches of the banks dealing with Government receipts and payments open for transactions on March 31, 2024 (Sunday) so as to account for all the Government transactions relating to receipts and payments in the FY 2023-24 itself. Accordingly, Agency Banks are advised to keep all their branches dealing with government business open on March 31, 2024 (Sunday)..... Banks shall give due publicity about the availability of above banking services on this day."

The decision underscores the government's commitment to facilitating smooth financial transactions and adhering to regulatory timelines.

By keeping agency banks open on Sunday, the government aims to facilitate the timely processing of government receipts and payments, contributing to the efficient management of public finances.