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Title : Reserve BAnk of India(RBI) Exempts Banks From Opening on April 01,2017 on Annual Closing
link : Reserve BAnk of India(RBI) Exempts Banks From Opening on April 01,2017 on Annual Closing

Reserve BAnk of India(RBI) Exempts Banks From Opening on April 01,2017 on Annual Closing

Reversing its earlier order, the Reserve Bank on Wednesday March 29,2017 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.

The departments concerned of RBI were also to remain open on these days. In its revised instructions issued today, RBI said, "On reconsideration, it has been decided that these branches need not be opened on April 1, 2017."

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