The Reserve Bank of India (RBI) has ordered banks to keep all their branches open till March 31. Bank related work can be done on Sunday also. However, banks will definitely remain closed after March 31 i.e. on the first and second of April. Means there will be no work in the bank for two consecutive days in April. Apart from this, there will be five bank holidays in April.
RBI said, ‘The financial year 2022-23 is ending on 31 March. All government related transactions should be completed by this date. Transactions through the National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) systems will continue till 12 midnight on March 31.
According to the order issued by RBI, ‘Special clearing will be conducted for collection of government cheques, for which the Department of Payment and Settlement Systems (DPSS) will issue necessary instructions. DPSS also comes under RBI. The reporting window for reporting Central and State Government transactions will be kept open from March 31 till noon on April 1.
When will be the bank holiday in April?
According to reports, on April 1 and 2, banks have been given a holiday by the RBI. After this there will be Mahavir Jayanti on 4th April, Good Friday on 7th April, Second Saturday on 8th April, Dr. Ambedkar Jayanti on 14th April, Eid holiday on 22nd April.
Do this work before March 31
If you have not yet linked your PAN with Aadhaar, get it done by March 31, 2023. Failure to do so will make your PAN inactive. The Central Board of Direct Taxes (CBDT) is charging a late fee of Rs 1000 for linking PAN with Aadhaar from June 30, 2022 onwards.
If you have a PPF and Sukanya Samriddhi Yojana account, but could not put money in it in this financial year, then to keep the account active, put some money in it till March 31. Otherwise, they may be closed.
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