Wednesday, March 26, 2014

Only Select Banks To Work On This Weekend Holidays

Select banks to work this weekend-Hindu Business Line 27.03.2014

In a move to facilitate collection of as much revenue as possible before the close of the fiscal year, the RBI, on a request from the Centre and some State Governments, has instructed all agency banks to keep the counters of their designated branches conducting Government business open till 8 p.m. on March 29 (Saturday) and March 31 (Monday) at locations where March 31 has not been declared a public holiday. 
In a notification, the RBI further said that on March 30 (Sunday) and March 31 (at places where holiday has been declared), agency banks may keep select branches open as a regular working day for transacting Government business at key locations identified by them, based on volume of transactions. All electronic transactions would, however continue, till midnight on March 31.


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