RBI has directed all banks to stay open on Sunday. March 31 is the last day of the current financial year. Today closing work is completed in banks. This is the rationale why RBI has issued orders to all banks to open branches for government transactions.
New Delhi. Only several days are left for the end of the monetary 12 months of 2022 and 2023. On April 1, the brand new monetary 12 months will start. Let us let you know; throughout this time, we calculate or calculate all of the bills incurred throughout the yr. All accounts are accounted for within March itself, then it’s closed.
In such a scenario, RBI has instructed all of the banks to stay open on Sunday. March 31 is the final day of the present monetary 12 months. Today closing work is completed in banks. This is the rationale why RBI has issued orders to all banks to open branches for presidency transactions.
However, there will probably be no work in banks on today for the shoppers. However, checks will be deposited within the financial institution department. Also, online banking can even be stored openly today. After March 31, there will probably be no work in banks for 2 consecutive days i.e. on April 1 and a couple of.
What is the instruction of RBI?
“All agency banks should keep their designated branches open for over-the-counter transactions relating to government transactions during normal working hours on March 31, 2023,” the central financial institution’s letter stated.
It additionally stated that transactions by way of National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) systems will proceed until midnight of March 31, 2023. Also, particular clearing will probably be carried out for an assortment of presidency checks on March 31, for which the Department of Payment and Settlement Systems (DPSS) of RBI will issue essential directions.
Do all these things on 31st March.
Get your Aadhaar linked to your PAN earlier than March 31. If you don’t do that, then from April 1, your PAN will probably be of no use. The final likelihood to spend money on PM Vaya Vandana Yojana can also be on today.
Apart from this, in case you additionally file ITR, then you need to file ITR earlier than 31 March. Otherwise, you’ll have to pay the superb.