Wednesday, 27 March 2019

Bank branches dealing with govt business to remain open this Sunday: RBI

The Reserve Bank of India (RBI) guided banks to keep open their branches managing government business on the most recent day of the monetary year (March 31), which happens to be Sunday.

"The Government of India has exhorted that all Pay and Account Offices will stay open on March 31, 2019 (Sunday) to encourage government receipt and installment exchanges. Appropriately, all Agency Banks are encouraged to keep every one of their branches managing government business open on March 31, 2019 (Sunday)," RBI said in a round.

In a different warning, the RBI said the Government of India has wanted that all administration exchanges done by organization banks for monetary year 2018-19 must be represented inside the equivalent money related year and has mentioned that, as in earlier years, certain extraordinary courses of action be made for this reason.

"In like manner, all office banks should keep the counters of their assigned branches leading government banking open for government exchanges up to 8 pm on March 30, 2019 and upto 6 pm on March 31, 2019," it said.

Every single electronic exchange, including RTGS and NEFT, will proceed for the all-encompassing time on March 30 and March 31, 2019 for which RBI will issue essential directions, it said

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