No Eid holiday: Banks to stay open on March 31 for fiscal year-end transactions

The Reserve Bank of India (RBI) on Tuesday directed all agency banks to keep their branches dealing with government transactions open for the public on March 31, 2025, despite the day being a public holiday on account of Id-Ul-Fitr (Ramadan Eid).

In a notification issued to all agency banks, the RBI stated that the decision was taken following a request from the Union government to facilitate the accounting of all government receipts and payments within the financial year 2024-25.

“The Government of India has made a request to keep all branches of the banks dealing with Government receipts and payments open for transactions on March 31, 2025 (Monday-Public Holiday) so as to account for all the Government transactions relating to receipts and payments in the Financial Year 2024-25 itself,” the RBI said in a notification.

“Agency banks are advised to keep all their branches dealing with government business open on March 31, 2025 (Monday),” it added.

Banks have also been asked to give wide publicity about the availability of banking services on the said date.

Agency banks, comprising 33 designated public sector, private sector, and foreign banks, are authorised to handle government-related transactions under Section 45 of the RBI Act.

These agency banks operate through designated branches that handle government receipts and payments, including tax collections and pension disbursements.

March 31 marks the end of the financial year, a critical period for the government to finalise its fiscal accounts.

Here’s the list of agency banks:

1. Bank of Baroda

2. Bank of India

3. Bank of Maharashtra

4. Canara Bank

5. Central Bank of India

6. Indian Bank

7. Indian Overseas Bank

8. Punjab and Sind Bank

9. Punjab National Bank

10. State Bank of India

11. UCO Bank

12. Union Bank of India

13. Axis Bank Ltd.

14. City Union Bank Ltd.

15. DCB Bank Ltd

16. Federal Bank Ltd.

17. HDFC Bank Ltd.

18. ICICI Bank Ltd.

19. IDBI Bank Ltd.

20. IDFC FIRST Bank Ltd

21. IndusInd Bank Ltd

22. Jammu and Kashmir Bank Ltd.

23. Karnataka Bank Ltd.

24. Karur Vysya Bank Ltd.

25. Kotak Mahindra Bank Ltd.

26. RBL Bank Ltd

27. South Indian Bank Ltd.

28. Yes Bank Ltd.

29. Dhanlaxmi Bank Ltd.

30. Bandhan Bank Ltd.

31. CSB Bank Ltd.

32. Tamilnad Mercantile Bank Ltd.

33. DBS Bank India Limited (Scheduled foreign bank issued license by RBI for carrying on banking business in India through Wholly Owned Subsidiary (WOS) mode.)