All Pay and Account Offices to remain open on March 31
The financial year 2018 is to end in the next three days the Reserve Bank of India has released a notice stating that all agency bank branches, dealing with government businesses will be open on March 31, Sunday.
"The Government of India has advised that all Pay and Account Offices will stay open on March 31, 2019 (Sunday) to encourage government receipt and installment transactions. As needs be, all Agency Banks are asked to keep all of their branches managing government business open on March 31, 2019 (Sunday)," RBI said in a circular.
In a different notice, the RBI said the Government of India has wanted that all administration exchanges done by office banks for financial year 2018-19 must be represented inside the equivalent monetary year and has mentioned that, as in previous years, certain special arrangements o be made for this purpose.
"In like manner, all office banks should keep the counters of their assigned branches directing government banking open for government transactions up to 8 pm on March 30, 2019 and upto 6 pm on March 31, 2019," it said.
Every electronic transactions, including RTGS and NEFT, will proceed for the extended time on March 30 and March 31, 2019 for which RBI will issue vital instructions.
