Finance Desk – The Reserve Bank of India (RBI) has announced that all bank branches dealing with government receipts and payments will remain open on the weekend of March 30 and March 31, 2024. The decision has been taken to facilitate the processing of government transactions as we approach the end of the financial year 2023-24.
Banks will operate on Saturday, March 30, and Sunday, March 31, during their normal working hours to handle government-related transactions.
Banks with currency chests are advised to keep these operational on March 31, treating it as a regular working day to ensure smooth transactions.
A notable feature of this weekend banking is the special clearing sessions planned for both days.
March 30, 2024 (Saturday): Presentation Session from 17:00 to 17:30 Hours, Return Session from 19:00 to 19:30 Hours.
March 31, 2024 (Sunday): Presentation Session from 17:00 to 17:30 Hours, Return Session from 19:00 to 19:30 Hours.
Transactions through the National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) systems will be available until midnight (2400 hours) on March 31, 2024.
Special clearing will be conducted for government cheques on both days. Banks are encouraged to ensure all cheques related to government accounts are presented during this period for clearance.
