2 weeks Ago By NDTV Profit News
Banks across India will remain open on Eid-ul-Fitr, March 31 this year. The day was earlier designated as a holiday in the Reserve Bank of India’s holiday calendar for 2025. However, the central bank has instructed all agency banks that handle government transactions to remain open on the day.
The move aims to ensure that all government-related financial transactions, including receipts and payments, are accounted for within the financial year 2024-25, which will end on March 31, 2025.Earlier, the RBI had declared March 31 as a bank holiday for most states of India, except for Mizoram and Himachal Pradesh. While the bank holiday stands cancelled, government institutions, schools and colleges, and stock exchanges will remain closed on this day to mark Eid.
Bank customers are advised to check with their branch and plan their transactions accordingly to avoid any last-minute confusion. It must be noted while physical bank branches are closed on public holidays, ATM and Internet banking facilities continue to function without disruption. RBI notification on cancellation of March 31 holiday.
Bank Holiday On March 27 And 28: Banks To Remain Closed In These Places For RamadanWhen Is Eid Ul-Fitr 2025? Eid Ul-Fitr, one of the most significant Islamic festivals, marks the end of Ramadan month for Muslims. Muslims across the world observe fasting from dusk till dawn for 30 days during Ramzan.The holy month concludes with Eid ul-Fitr celebrations.
This year Eid could be declared on either March 31 or April 1 depending on the sighting of the moon. Are Banks Open Or Closed This Saturday, Mar. 29?March 29 marks the last Saturday of this month.
Typically, banks in India are closed on the second and fourth Saturdays of the month. However, since March 29 marks the fifth Saturday this month, banks are expected to remain open on this day.Further, March 30 is a Sunday, which means that banks will remain closed on this day.
Banks To Remain Closed On April 1While the March 31 bank holiday has been cancelled, banks will remain closed on April 1 across all states for annual account finalisation.Bank Holidays In March 2025: Banks To Remain Closed On These Dates; Check Full List Here. Read more on Nation by NDTV Profit.
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