RBI Directs Agency Banks to Remain Open on 31 March 2026

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  • Last Updated on 5 February, 2026

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RBI agency banks

Circular no. RBI/2025-26/204 DoR.CO.SOG(Leg) No.401/09.08.024/2025-26; Dated: 03.02.2026

The Government of India has requested that all bank branches handling Government receipts and payments remain open for public transactions on 31 March 2026 (Tuesday), even though the day is a public holiday.

1. Purpose of Keeping Banks Open

The measure has been taken to ensure that all Government transactions relating to receipts and payments are properly accounted for within the Financial Year 2025–26, which concludes on 31 March 2026.

Keeping bank branches operational on this day will facilitate:

  • Timely accounting of Government receipts
  • Settlement of Government payments
  • Smooth closure of accounts for the financial year

2. RBI Direction to Agency Banks

Pursuant to the Government’s request, the Reserve Bank of India has issued directions to all agency banks to keep their designated branches open on Tuesday, 31 March 2026.

Agency banks are required to ensure that branches dealing with Government business are fully functional for the purpose of processing Government-related transactions.

3. Applicability

This directive applies to:

  • All agency banks
  • Bank branches authorised to handle Government receipts and payments

The instruction is limited to Government transactions and does not necessarily extend to all regular banking services unless otherwise specified by the respective banks.

4. Date to Note

  • Operational Date – Tuesday, 31 March 2026
  • Occasion – Public Holiday
  • Purpose – Closure and accounting of Government transactions for FY 2025–26
Click Here To Read The Full Circular

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Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied