The Reserve Bank of India (RBI) has issued an important advisory to all bank branches handling government receipts and payments. As per the advisory, these branches must keep their doors open for transactions on Sunday, March 31, operating during regular government transaction hours.
SBI to remain open on 31st March
In response to directives from RBI/GOI, the relevant authority of SBI has given the green light for all bank branches to stay operational on March 31, 2024. This decision aims to facilitate government, special currency, and currency chest transactions. Staff and officials responsible for managing these transactions are expected to be present at their respective branches on the specified date. However, staff members are not clear whether the branches will deal with normal customers as well, the customers on the other hand are showing quite a zeal to visit branches on sunday, 31st March.
LIC to remain open on 30th March and 31st March
Following SBI official notice to keep the branches open, LIC (Life Insurance Corporation) has also decided to keep its branches open on March 30 and March 31, 2024. They made this choice to help policyholders and taxpayers. This way, people can finish their tax-saving tasks before the end of the fiscal year without facing any difficulties.
The LIC notice in the image above stated that,
“It has been decided that the Offices under jurisdiction of Zones and Divisions will be kept open for normal operations as per official working hours on 30.3.2024 and 31.3.2024, in order to avoid any hardship to the policyholders. This is as per the advisory issued by Insurance Regulatory and Development Authority of India (IRDAI) dated 28.3.2024.”
LIC Notification
Today, other banks might issue official notification to open all its branches for dealing with govt. transactions, during its normal office hours.