As April 1, 2025 approaches, the bank customers are curious to know the workings of the bank on the day. According to the guidelines by the Reserve Bank of India (RBI), April 1 is marked as a holiday as it is an annual closing day for banks across the nation.
The major reason behind the closure is the completion of last year’s financial processes, as April 1 is marked as the beginning of a new financial year. On this day, the customers will not be able to perform bank transactions at the branches, but the internal banking operation will continue as usual.
Along with this, the customers will be able to use facilities like online banking, UPI transactions, ATM withdrawals, and digital payments, which means that only physical branch services will be unavailable.
What services will be affected?
According to the notice by the bank authorities, the services, including cash withdrawals, deposits, cheque clearance, and some other in-person bank services, will be delayed till April 2. Along with this, businesses relying on bank approvals, document processing, or offline transactions could also be affected.
Will banks be closed in all states?
According to the banking schedule by RBI, April 1 is observed as a bank holiday but not a public holiday, which means that other institutions, such as businesses, government offices, and stock markets, will function normally.
Due to the closure, the Reserve Bank of India has asked the customers to complete all the necessary transactions before March 31, 2025. Meanwhile, in case of emergency, an individual must use digital banking services.