Banks and select RBI offices to remain open on all days till 1 April
25 Mar 2017
Reserve bank of India (RBI) has asked all banks to keep all their branches open on all days for the remaining of the current financial year, ie, till 1 April, to facilitate government receipt and payment functions
''All agency banks have been advised to keep all their bank branches dealing with government business open on all days in the current financial year and on April 1, 2017 (including Saturday, Sunday and all holidays),'' RBI said in a notification.
''The concerned departments of the Reserve Bank undertaking government business will also remain open on the above days,'' it added.
Accordingly, the payment system of all district central co-operative banks / local area banks will also remain open on all days from 25 March 2017 to 1 April 2017, RBI said.
''With a view to facilitate accounting of all the Government transactions for the current financial year (2016-17) by March 31, 2017, it has been decided that all payment systems, including RTGS and NEFT would operate, as on a normal working day, during the period March 25 to April 1, 2017 (including Saturday, Sunday and all holidays).''
Besides, RBI said, the centralized payment systems, viz, RTGS and NEFT will work for extended hours on 30 and 31 March 2017 and that the timings have already been advised to the member banks via a broadcast message.
