Banks, Insurance firms to remain open on Mar 30, 31. Here's all you need to know about what's operational

The Reserve Bank of India (RBI) advised banks to keep its branches dealing with government business to remain open on March 31. The last day of the current financial year is a Sunday.

"The Government of India has made a request to keep all branches of the banks dealing with Government receipts and payments open for transactions on March 31, 2024 (Sunday) so as to account for all the Government transactions relating to receipts and payments in the FY2023-24 itself," the RBI said in a statement.

Accordingly, agency banks are advised to keep all their branches dealing with government business open on March 31, 2024 (Sunday), it said.

Insurance companies to remain open on Mar 30, 31

To avoid any hardship to policyholders, insurance firms have been directed to keep their offices open as per normal working hours on March 30 and March 31, IRDAI said in a release on Friday.

Tax department will be working too

The income tax department has also decided to cancel the long weekend for its employees. This financial year 2023-24 ends on March 31, 2024 which is a Sunday and March 30 is a Saturday and March 29 is Good Friday, which is a public holiday; this makes the last week of the month a long weekend.