It has to be made clear what happens on the business of the banks on March 31, 2025, in India. This is the analysis:
Holiday Observation:
March 31, 2025, is a holiday in all states because of Eid al-Fitr (Ramzan-Id).
RBI Directive:
The Reserve Bank of India (RBI) has directed that agency banks and government transaction-carrying banks will have to operate on this day.
This is for the purposes of making important financial transactions in connection with the end of the financial year.
They are:
Government tax payments (Income Tax, GST, etc.)
Pension payments
Government receipts and payments
Key Takeaway:
Thus, although it’s a public holiday, there will be some banks, in this instance handling government finance, which will be open.
It is always advisable to ask your respective bank, if you are to do a bank transaction on that day.
Essentially, RBI’s move is designed to facilitate the smooth flow of fiscal year-end financial transactions, even during the holiday.