No financial institution vacation on March 31 for Ramzan-Id (Id-Ul-Fitr) | See full particulars

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Feb 14, 2025 11:13 AM IST

No financial institution vacation on March 31: The Reserve Financial institution of India (RBI) has instructed banks to stay open on Monday, March 31, 2025.

No financial institution vacation on March 31: The Reserve Financial institution of India (RBI) has instructed all company banks which deal with authorities transactions to stay open on Monday, March 31, 2025.

No financial institution vacation on March 31: Earlier than the announcement, March 31 was imagined to being a public vacation in lots of states besides Himachal Pradesh and Mizoram for the event of Ramzan-Id (Id-Ul-Fitr).(Abeer Khan/Bloomberg)

Earlier than the announcement, March 31 was imagined to be a public vacation in every single place besides Himachal Pradesh and Mizoram for the event of Ramzan-Id (Id-Ul-Fitr).

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Why did the RBI declare a working day for banks on March 31?

The RBI declared a working day for banks on March 31 since it’s the ending day of the monetary yr 2024-25. Thus, RBI needs to keep away from monetary discrepancies and guarantee all of the 2024-25 reviews are mirrored throughout the similar interval.

The transfer can also be to make sure that government-related transactions, which embrace funds, receipts, and different actions, are absolutely lined by March 31, 2025.

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Listing of upcoming financial institution holidays in February 2025 February 20251519202628Agartala Ahmedabad • Aizawl •• Belapur • • Bengaluru • Bhopal • Bhubaneswar • Chandigarh • Chennai Dehradun • Gangtok •Guwahati Hyderabad – Andhra Pradesh • Hyderabad – Telangana • Imphal• Itanagar • Jaipur • Jammu • Kanpur • Kochi • Kohima Kolkata Lucknow • Mumbai • • Nagpur • • New Delhi Panaji Patna Raipur • Ranchi • Shillong Shimla • Srinagar • Thiruvananthapuram • Vacation DescriptionDayLui-Ngai-Ni15Chhatrapati Shivaji Maharaj Jayanti19Statehood Day/State Day20Mahashivratri26Losar28

Supply: RBI web site

Listing of financial institution holidays in March 2025 March 20257131415222728Agartala • Ahmedabad • Aizawl• • Belapur • Bengaluru Bhopal • Bhubaneswar • Chandigarh • Chennai Dehradun •• Gangtok • Guwahati • Hyderabad – Andhra Pradesh • Hyderabad – Telangana • Imphal • Itanagar • Jaipur • Jammu • ••Kanpur •• Kochi Kohima Kolkata • Lucknow •• Mumbai • Nagpur • New Delhi • Panaji • Patna ••• Raipur • Ranchi •• Shillong • Shimla • Srinagar • ••Thiruvananthapuram Vacation DescriptionDayChapchar Kut7Holika Dahan13Holi (Second Day) – Dhuleti/Dhulandi/Dol Jatra14Holi/Yaosang 2nd Day15Bihar Diwas22Shab-I-Qadr27Jumat-ul-Vida28

Supply: RBI web site

The March 31 vacation for Ramzan-Id (Id-Ul-Fitr) has been overlooked of the above desk as a result of announcement.

It’s nevertheless, finest suggested to contact your nearest financial institution department in case there are any additional confusions relating to financial institution holidays.

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What banking providers will probably be out there on financial institution holidays?

Whereas financial institution branches will probably be closed for all of the aforementioned dates, clients can nonetheless entry digital or internet banking providers all year long, until the financial institution notifies in any other case (often for upkeep work).

All financial institution web sites, banking apps, UPI, and ATM providers will probably be lively all year long in any other case. You’ll be able to even begin a hard and fast deposit or a recurring deposit on such days digitally.

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