“The Government of India has advised that all Pay and Account Offices will remain open on March 31, 2019 (Sunday) to facilitate government receipt and payment transactions,” RBI said in a circular.
MUMBAI: The Reserve Bank of India (RBI) on Tuesday directed banks to keep their branches open on Sunday, the last day of the financial year (March 31), to deal with government business.
“The Government of India has advised that all Pay and Account Offices will remain open on March 31, 2019 (Sunday) to facilitate government receipt and payment transactions. Accordingly, all Agency Banks are advised to keep all their branches dealing with government business open on March 31, 2019 (Sunday),” RBI said in a circular.
In a separate notification, the RBI said the Government of India desired that all government transactions done by agency banks for the financial year 2018-19 be accounted for within the same financial year and requested that, as in previous years, specific special arrangements be made for this purpose.
“Accordingly, all agency banks should keep the counters of their designated branches conducting government banking open for government transactions up to 8 pm on March 30, 2019, and up to 6 pm on March 31, 2019,” it said.
