Banks to function on all days till April 1: RBI

All the nationalised, as well as private banks, have been instructed by the Reserve Bank of India (RBI) to function on all days till April 1.

The central bank has said in its official communiqué that, the decision is to ease the banking functions related to the government while the financial year is nearing an end.

The RBI has instructed all the banks in the country to function on all days including Saturday, Sunday and other public holidays, reported The Hindu.

“To facilitate government receipt and payment functions, all Agency Banks have been advised to keep all their bank branches dealing with government business open on all days in the current financial year and on April 1, 2017,” said RBI.

The order is applicable to all banks including government establishments with financial services.

The regulator also said that the concerned departments of the Reserve Bank undertaking government business will also remain open on the above days.

 

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