As the financial year 2024-2025 draws to a close, many are seeking clarity on the status of bank holidays in the coming days. One of the most common queries is whether banks will be open on Saturday, March 29.
To clarify, banks will remain open on March 29. While it is customary for banks to close on the second and fourth Saturdays of each month, March 2025 has five Saturdays, making the 29th a regular working day. However, note that March 30 is a Sunday, and banks will observe their regular closure on that day.
It is also important to highlight that, starting from April 2025, banks will close on all Saturdays in accordance with a new policy.
Key Dates to Remember:
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March 29, 2025: Banks will be open since it is the fifth Saturday of the month. Regular operations will continue on this day.
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March 30, 2025: As it falls on a Sunday, banks will be closed as per their usual schedule.
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March 31, 2025: Originally scheduled as a holiday for Eid ul-Fitr, the Reserve Bank of India (RBI) has issued a directive to ensure that all agency banks—those handling government transactions—remain operational on March 31. This decision aims to facilitate the smooth processing of financial transactions and ensure accurate accounting for the fiscal year 2024-2025.
As a result, individuals and businesses can settle their financial obligations without disruptions on March 31. The following services will be available:
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Tax Payments: Including income tax, GST, customs, and excise duties.
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Government Salary Disbursements: Payment of government salaries and allowances.
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Pension and Subsidy Payments: Disbursement of pensions and subsidies.
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Government Scheme Payments: Transactions related to government schemes.
In summary, while March 29 will be a regular working day for banks, March 31 will see agency banks remain open to support critical government transactions. It is advisable for customers to verify their respective bank’s holiday schedule in advance to avoid any inconvenience.
