RBI announces closure of all payment systems on April 1
Thursday, March 30, 2017, 3:45 PM
The Reserve Bank of India (RBI) has said all payment systems will remain closed on 1 April. It is a change from its earlier directive asking banks to remain open on the first day of the next fiscal beginning 1 April. On reconsideration, it has been decided that all payment systems will remain closed on 1 April, 2017, it said.