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Financial News | Indian Banks to Open on Saturday-Sunday, March 30th & 31st for Year-End Transactions
March 26, 2024
‘In a significant move to facilitate year-end financial transactions, several Indian bank branches will be open this weekend, i.e. Saturday-Sunday, March 30 and 31, 2024. This decision, made at the request of the Government of India, is crucial for the smooth handling of government receipts and payments for the financial year 2023-2024.’
The Reserve Bank of India (RBI) has issued a notification confirming that bank branches designated for handling government transactions will remain operational on the upcoming weekend. This includes branches of public sector and private banks like:
It’s important to note that this is a one-time exception due to the year-end rush. The discussions regarding a potential five-day banking week for regular operations remain separate. The Indian Banks’ Association (IBA) is currently in talks with the government on this proposal, but no concrete decision has been made yet.
For customers seeking information on branch timings and specific banks’ openings on March 30 and 31, it is highly recommended that they contact their respective banks directly or visit their official websites for the most up-to-date information.
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