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Eid ul-Fitr 2025 Bank Holiday 2025: To facilitate year-end financial operations, the Reserve Bank of India (RBI) has cancelled the scheduled holiday on March 31, 2025, ensuring banks remain open for critical transactions.
March 31 marks the end of the financial year, a time when banks experience a surge in activities like finalising accounts and closing financial statements. The RBI’s move aims to ensure seamless handling of such processes and prevent disruptions.
Banks were originally scheduled to remain closed on March 31 for Ramzan-Id (Id-Ul-Fitr) across most states, with the exception of Himachal Pradesh and Mizoram. This holiday has now been cancelled in favour of uninterrupted banking services.
While banks will operate on March 31, they will be closed on April 1, 2025, in most states and Union Territories. However, branches in Meghalaya, Chhattisgarh, Mizoram, West Bengal, and Himachal Pradesh will remain open on that day.
March 29, which is the fifth Saturday of the month, is not a bank holiday. Banks in India follow a schedule where they remain closed on the second and fourth Saturdays, along with all Sundays.
Even on holidays, customers can continue to access internet banking, SMS banking, and WhatsApp banking for both financial and non-financial transactions.
The Income Tax Department has announced that all its offices across India will remain open on March 29, 30, and 31. This step is meant to facilitate the timely completion of pending tasks and filings. The department highlighted that March 31 being a public holiday could otherwise affect last-minute tax submissions.
The Insurance Regulatory and Development Authority of India (IRDAI) has issued similar instructions. All insurance companies have been asked to remain open on March 29, 30, and 31 to ensure policyholders receive necessary assistance and services during the financial year-end.
According to the RBI's March holiday schedule, banks have remained closed on the following occasions, varying by region:
In addition to festival holidays, banks have been closed on the following weekends:
The RBI classifies bank holidays under three categories:
However, it's important to note that bank holidays differ across states based on regional festivals and state-specific events. Not all holidays are observed nationwide, and some may apply only to public sector banks.
Customers are advised to complete urgent banking tasks in advance and make use of online or mobile banking services during this extended break. While physical branches will remain shut in several regions, digital transactions and ATM services will remain operational.