India, Feb. 14 -- The Reserve Bank of India (RBI) has instructed all agency banks which handle government transactions to remain open on Monday, March 31, 2025.

Before the announcement, March 31 was supposed to be a public holiday everywhere except Himachal Pradesh and Mizoram for the occasion of Ramzan-Id (Id-Ul-Fitr).

The RBI declared a working day for banks on March 31 since it is the ending day of the financial year 2024-25. Thus, RBI wishes to avoid financial discrepancies and ensure all the 2024-25 reports are reflected within the same period.

The move is also to ensure that government-related transactions, which include payments, receipts, and other activities, are fully covered by March 31, 2025.

Source: RBI website

Source: R...