RBI directs all Agency Banks Dealing with Government Transactions to Operate on March 31st (Sunday)
Banks including SBI, HDFC, ICICI, BOI, Axis Bank.etc. will be working on 31st March 2023.
RBI – RBI directive – Agency banks – Government transactions – RBI directive Sunday banking – taxscan
RBI – RBI directive – Agency banks – Government transactions – RBI directive Sunday banking – taxscan
All the agency banks dealing with government receipts and payments will remain operating on 31st March 2024 despite being sunday. The Reserve Bank of India ( RBI ), on request of the central government, has directed the banks to issue necessary publicity about the working on Sunday.
The RBI notification states as follows:
“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 ).
Banks shall give due publicity about the availability of above banking services on this day.“
LIST OF AGENCY BANKS
The following are the list of agency banks as on 30th May 2023 as per the RBI release on December 7, 2023 :
Scheduled Public Sector banks ( post amalgamation )
- Bank of Baroda
- Bank of India
- Bank of Maharashtra
- Canara Bank
- Central Bank of India
- Indian Bank
- Indian Overseas Bank
- Punjab and Sind Bank
- Punjab National Bank
- State Bank of India
- UCO Bank
- Union Bank of India
Scheduled Private Sector Banks
- Axis Bank Ltd.
- City Union Bank Ltd.
- DCB Bank Ltd
- Federal Bank Ltd.
- HDFC Bank Ltd.
- ICICI Bank Ltd.
- IDBI Bank Ltd.
- IDFC FIRST Bank Ltd
- IndusInd Bank Ltd
- Jammu and Kashmir Bank Ltd.*
- Karnataka Bank Ltd.
- Karur Vysya Bank Ltd.
- Kotak Mahindra Bank Ltd.
- RBL Bank Ltd
- South Indian Bank Ltd.
- Yes Bank Ltd.
- Dhanlaxmi Bank Ltd.
- Bandhan Bank Ltd.
- CSB Bank Ltd.
- Tamilnad Mercantile Bank Ltd
Foreign Banks
- DBS Bank India Limited #
Note:
*Approved for limited agency business.
# Scheduled foreign bank issued licence by RBI for carrying on banking business in India through Wholly Owned Subsidiary ( WOS ) mode.
To Read the full text of the Order CLICK HERE
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