Are Banks Open This Sunday, March 31? See RBI Circular

Planning to visit your bank on the last day of this financial year? Here's some good news for you! The central bank of India has revoked the planned holiday on March 31, ensuring that all banks remain operational for year-end financial transactions.

Initially, banks across most states (except Himachal Pradesh and Mizoram) were scheduled to remain closed for Id-Ul-Fitr. However, since March 31 marks the end of the financial year, the RBI has revised its directive to facilitate the smooth completion of financial processes, including account finalizations and statement preparations.

As per the latest RBI circular, March 29 (the fifth Saturday of the month) will also not be a bank holiday. The closures are observed on the second and fourth Saturdays, along with all Sundays, while banks remain open on the first, third, and fifth Saturdays unless declared otherwise, according to banking regulations

To prevent any inconvenience to insurance customers, the Insurance Regulatory and Development Authority of India (IRDAI) has directed insurance companies to keep their offices open on March 29, 30, and 31. This move ensures that policyholders can access services without delays.

Similarly, the Income Tax Department has announced that all tax offices across India will be open these three days to facilitate last-minute filings and complete pending work. Tax officials emphasized that since March 31, 2025, falls on a public holiday, keeping offices open will help taxpayers meet their deadlines efficiently.

While banks will remain operational on March 31, they will be closed on April 1 (Tuesday) in most states and Union Territories, except Meghalaya, Chhattisgarh , Mizoram, West Bengal, and Himachal Pradesh.