**Summary:**
RBI Directive DOR.SOG LEG.REC8409.08.024/2023-24, issued March 20, 2024, instructs all agency banks to remain open to the public on Sunday, March 31, 2024. This directive is in response to a request from the Government of India to ensure all government receipts and payments for the fiscal year 2023-24 are accounted for within the same fiscal year. Agency banks are required to keep all branches involved in government business operational on this date and to publicize the availability of these banking services. The directive was issued by Sunil T S Nair, Chief General Manager, Reserve Bank of India.
Key Entities Referenced
Agency Banks: Banks authorized to handle government transactions.
March 31, 2024: Date on which Agency Banks are requested to remain open for government transactions.
Government receipts and payments: Financial transactions involving the government's income and expenses.
FY 202324: Financial Year 2023-2024
Sunil T S Nair: Chief General Manager at issuing organization.
RBI/2023-24/137
DOR.SOG (LEG).REC/84/09.08.024/2023-24 March 20, 2024
All Agency Banks
Madam / Dear Sir
All Agency Banks to remain open for public on March 31, 2024 (Sunday)
The Government of India has made a request to keep all branches of the banks dealing
with Government receipts and payments open for transactions on March 31, 2024
(Sunday) so as to account for all the Government transactions relating to receipts and
payments in the FY 2023-24 itself. Accordingly, Agency Banks are advised to keep all
their branches dealing with government business open on March 31, 2024 (Sunday).
2. Banks shall give due publicity about the availability of above banking services on
this day.
Yours faithfully
(Sunil T S Nair)
Chief General Manager