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RBI exempts banks from opening on April 1 on annual closing

RBI exempts banks from opening on April 1 on annual closing

Thursday, March 30, 2017, 8:12 AM

Reversing its earlier order, the Reserve Bank said the bank branches dealing in government businesses need not remain open on April-1 in view of the annual closing business. In its earlier directive on March-24, the RBI had asked all authorised banks to be open on all days from March-25 to April-1, including Saturday, Sunday and all holidays, to facilitate the government’s receipts and payments.
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