To resolve complications and ease financial year closure, the Reserve Bank of India, Insurance Regulatory Development Authority of India (IRDAI) and the Income Tax Department have made March 31 as a working day.
India's Reserve Bank, Insurance Regulatory Development Authority, and Income Tax Department have declared March 31 as a working day to facilitate timely financial transactions and tax obligations.
The RBI has designated 33 agency banks to remain operational on this significant date. The list includes 12 public sector banks like State Bank of India (SBI) and Bank of Baroda (BoB), along with 20 private sector banks such as HDFC Bank Ltd and ICICI Bank Ltd.
India Business News: The Reserve Bank of India (RBI) has instructed all agency banks to keep their branches open for government transactions during normal working hours on March 30 and March 31, 2024.