Are Banks Open On March 31? Here’s What RBI Says

The Reserve Bank of India (RBI) has directed all agency banks to remain open on March 31, 2025, even though it is a public holiday in many states due to Id-ul-Fitr. This move guarantees continuous banking operations on the last day of the fiscal year. The directive was issued by the RBI on February 11, 2025.

In its directive, the bank stated that the government has asked all branches that deal with government payments and receipts to continue to be open for business on Monday, March 31, 2025 (a public holiday).

Before the announcement, March 31 was designated as a public holiday in all states except Himachal Pradesh and Mizoram for Ramzan-Id (Id-Ul-Fitr).

To maintain financial accuracy, banks have been instructed to stay open on March 31, ensuring that all transactions for the fiscal year 2024-25 (FY25) are properly accounted for within the same period.

Banks will remain open to continue offering essential services, such as the ability to pay taxes to the government, including excise, GST, income, and customs taxes. They will also process pension payments, government subsidies, and salaries for government employees. In addition, public transactions related to various government schemes and benefits will continue as usual.

According to the RBI’s bank holiday calendar published on its official website, banks will remain closed on April 1, Tuesday for annual account closing, except in Meghalaya, Chhattisgarh, Mizoram, West Bengal, and Himachal Pradesh.

On bank holidays, branch services won't be available, but customers can still use ATMs, online banking, and mobile banking to handle their transactions. Tax payments and fund transfers, among other important digital banking services, will continue to be available. Customers are advised to check with their respective banks for any specific instructions.

Banks in various states will be closed on different occasions in April 2025. These include Mahavir Jayanti, Ambedkar Jayanti, Good Friday, Bohag Bihu, Basava Jayanti, and Akshaya Tritiya.