Eid-ul-Fitr Bank Holiday 2025: If you have any important work related to the bank, then before going on March 31, check whether your bank is open or not. Along with this, finish your banking related work in advance, so that there is no problem.
Bank Holiday On March 31st 2025: Eid-ul-Fitr festival is on March 31, but this day is also the last working day of the financial year 2024-25 (Last Working Day Of FY 2024-25). In such a situation, many people are confused whether the banks will remain open or closed (Bank Holiday On March 31)? If you are also thinking of doing any important work related to the bank, then definitely read this news first. Here we will tell you whether the bank will be open on March 31 (Banks Open Close on 31 March) or not.
Will the bank be open or closed on March 31?
On the occasion of Eid, banks will remain closed in almost all states on March 31 (Bank Holiday On Eid). However, banking services will remain closed on this day in all states across the country except Himachal Pradesh and Mizoram. But the special thing is that the Reserve Bank of India (RBI) has directed that all agency banks doing government transactions will remain open on this day.
Why will banks remain open on March 31?
Actually, March 31 is the last working day of the financial year and many important works related to the banking sector are done on this day. To ensure proper closing of the financial year, RBI has directed the banks doing government transactions to remain open on March 31. The purpose of this is that there should not be any delay or error in all government payments, taxes, and financial recording.
If you are thinking of going to the bank on March 31, then know that the following services will be available on this day:
- Government tax payment: Payment of income tax, GST, custom duty and excise duty
- Pension and government subsidy: Payments related to government schemes
- Government salary and allowances: Salary and other payments of government employees
- Public transactions related to government schemes
Banks will remain closed in these states on April 1 as well
Banks will remain closed on April 1 due to the closing of the financial year (Last Working Day Of FY 2024-25), but banking services will continue in some states like Meghalaya, Chhattisgarh, Mizoram, West Bengal and Himachal Pradesh.
If you have any important work related to the bank, then before going on March 31, check whether your bank is open or not. Because in most states the banks will be closed on this day, but the banks making government payments will remain open. At the same time, banking services will be affected due to the closing of the financial year on April 1. Therefore, complete your banking work in advance, so that any kind of inconvenience can be avoided.
