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SBI issues circular to open Branches on 31 March


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The Reserve Bank of India (RBI) had issued an advisory to all bank branches dealing with government receipts and payments. According to the advisory, these branches are required to remain open for transactions on Sunday, March 31, during the normal working hours for government transactions.

In view of this, the largest bank in India – SBI has released a circular instructing branches to remain open on 31 March 2024. The copy of circular is given below. SBI has said that Government receipts and payments related transactions may happen at any Branch. Hence, to comply with RBI/GOI instructions, the competent authority has approved that all branches of the bank may remain open on 31.03.2024 to handle government/ special currency/ currency chest transactions. Concerned staff/ officials handling these transactions will attend the branch on 31.03.2024.

The Reserve Bank of India (RBI) has issued a directive to all agency banks, instructing them to keep all their branches dealing with government receipts and payments open for transactions on 31 March, 2024. This decision comes after the Government of India made a request to ensure that all branches involved in government business remain operational on this specific day. Check list of RBI agency banks that will open on 31 March.

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