Year end closing: Banks to have extended hours

Year end closing: Banks to have extended hours
Highlights

In view of the closing of the current financial year and to facilitate the taxpayers in payment of taxes, the Reserve Bank of India has issued instructions vide notification RBI/2015-16/342 dated March 17, 2016, directing all agency banks to keep the counters of their designated branches conducting government business open till 8.00 p.m. on March 31, 2016. All electronic transactions would, howeve

In view of the closing of the current financial year and to facilitate the taxpayers in payment of taxes, the Reserve Bank of India has issued instructions vide notification RBI/2015-16/342 dated March 17, 2016, directing all agency banks to keep the counters of their designated branches conducting government business open till 8.00 p.m. on March 31, 2016. All electronic transactions would, however, continue till midnight of March 31, 2016.

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