31 March 2025: Will banks, insurance, income tax offices remain open on Eid? what will be open and closed

31 March 2025: 31 March 2025 is the last day of the financial year. Eid-ul-Fitr Ramadan Eid will also be celebrated on this day. In such a situation, people want to know whether banks, insurance and income tax offices will remain open or closed

31 March 2025: 31 March 2025 is the last day of the financial year. Eid-ul-Fitr Ramadan Eid will also be celebrated on this day. In such a situation, people want to know whether banks, insurance and income tax offices will remain open or closed. If you have any important banking work, then try to settle it before 31 March. Because some services may be limited on this day. Especially it would be better to settle matters related to tax and insurance as soon as possible. Banking services will continue on 31 March, but there may be trouble due to crowd and Eid holiday.

What will be the impact on banking services?

The Reserve Bank of India (RBI) has ordered that all agency banks handling government transactions will remain open on March 31. This will ensure that there is no problem in paying taxes and other financial transactions. However, this day is also a public holiday, so normal banking services may be affected.

Important information for tax payers

The Income Tax Department has clarified that all income tax offices will remain open on March 29, 30 and 31. The purpose of this is that people can pay their taxes on time and do not have to face any last minute problems.

Insurance companies will also remain open

The Insurance Regulatory and Development Authority of India (IRDAI) has also directed insurance companies to remain open on March 29, 30 and 31, so that policyholders do not face any problems.

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RBI special preparations

RBI has also made special banking arrangements for March 31.

All bank branches handling government transactions will remain open till normal time.

There will be a special clearing operation for government cheque collection.

Reporting of government transactions like GST, tax, custom duty can be done till 12 noon on April 1.

According to the Reserve Bank website, there are a total of 33 agency banks. These include 12 government banks, 20 private banks and one foreign bank. This is the list of banks

Government Banks

1. State Bank of India
2. Bank of India
3. Bank of Maharashtra
4. Canara Bank
5. Central Bank of India
6. Indian Bank
7. Indian Overseas Bank
8. Punjab and Sind Bank
9. Punjab National Bank
10. Bank of Baroda
11. UCO Bank
12. Union Bank of India

Private Banks

13. Axis Bank Limited
14. City Union Bank Limited
15. DCB Bank Limited
16. Federal Bank Limited
17. HDFC Bank Limited
18. ICICI Bank Limited
19. IDBI Bank Limited
20. IDFC First Bank Limited
21. IndusInd Bank Limited
22. Jammu and Kashmir Bank Limited
23. Karnataka Bank Limited
24. Karur Vysya Bank Limited
25. Kotak Mahindra Bank Limited
26. RBL Bank Limited
27. South Indian Bank Limited
28. Yes Bank Limited
29. Dhanlaxmi Bank Limited
30. Bandhan Bank Limited
31. CSB Bank Limited
32. Tamilnad Mercantile Bank Limited

Foreign Bank

33. DBS Bank India Limited