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Eid-ul-Fitr is falling on March 31. But are banks open or closed on the last day of financial year 2024-25?
Bank Holiday 31 march 2025: banks will not be closed for Eid ul-fitr on Monday, check rbi order for financial year end process.
Bank Holiday On March 31st 2025: 31 March marks the end of the financial year, making it a busy day for banking professionals who work hard to complete and finalize all transactions and financial reporting. Banks remain open on this day. However, with Eid-ul-Fitr, a national holiday, also falling on this date, there is confusion about whether banks are closed.
Are Banks Open Or Closed On 31 March?
Even though Eid-ul-Fitr is on 31 March, banks will remain operational on the day. As per RBI’s holiday list, banks are supposed to be closed on 31 March in most states except for Himachal Pradesh and Mizoram due to Eid-ul-Fitr.
Thus, all banking services will remain operational on that day.
The Reserve Bank of India (RBI) has mandated banks to remain operational on 31 March, the last working day of the financial year 2024-25, to avoid any discrepancy in financial reporting.
It aims to ensure all financial transactions for the fiscal year 2024-25 are completed before the new financial year commences on 1 April.
Bank Holiday On 1 April
Banks will remain operational on 1 April due to annual account closing activities. However, banks will remain closed in Meghalaya, Chhattisgarh, Mizoram, West Bengal, Himachal Pradesh and Meghalaya.
Here Is The Holiday List For April 2025:
1 April – To enable banks to close their yearly accounts / Sarhul
5 April – Babu Jagjivan Ram’s Birthday
10 April – Mahavir Janmakalyanak / Mahavir Jayanti
14 April – Dr. Babasaheb Ambedkar Jayanti / Vishu / Biju / Buisu Festival / Maha Vishuva Sankranti / Tamil New Year’s Day / Bohag Bihu / Cheiraoba
15 April – Bengali New Year’s Day / Himachal Day / Bohag Bihu
16 April – Bohag Bihu
18 April – Good Friday
21 April – Garia Puja
29 April – Bhagvan Shri Parshuram Jayanti
30 April – Basava Jayanti / Akshaya Tritiya