Like government offices, schools and colleges, banks are also closed on the occasion of Eid, but this time it is not so. Today, banks will be open on 31 March. The Reserve Bank of India (RBI) has canceled Eid holidays in banks. Apart from this, banks will also be closed on 1 April. Thus, banking facilities will be available to common customers from April 2 itself.
RBI explained the reason
According to the Reserve Bank’s holiday calendar, banks will remain closed in most parts of the country on March 31. Later, the Central Bank issued a press release informing about the cancellation of the bank holiday. The RBI has informed through a press release and tweet that since 31 March is the last day of FY 2024-25, the bank employees’ holidays have been canceled.
There will be only government transactions.
The RBI has informed that on March 31, there will be government transactions in banks. Banks will be open only for the work related to government transactions. There will be no normal banking work on this day. Due to the end of the financial year, there will be no holiday in banks on the occasion of Eid, but banks will remain closed on 1 April. However, information has been revealed that banks will be open in Himachal Pradesh, Meghalaya, Mizoram, Chhattisgarh and West Bengal on 1 April.
The stock market will remain closed.
Today there will be no business in the stock market. The stock market will be closed on the occasion of Eid-ul-Fitr i.e. 31 March. The holiday calendar of BSE and NSE states that on 31 March 2025, there will be no trading on both exchanges on the occasion of Eid. The currency derivative segment will also be closed. Let us tell you that the stock market closed down with a decline on the last trading day of last week. There is an atmosphere of anxiety and nervousness in the market over the next round of tariffs of Donald Trump.
