Agency Banks not to open for government business on 01.04.2017

Reserve Bank of India

RBI/2016-17/259
DBR.No.Leg.BC.56/09.07.005/2016-17

March 29, 2017

All Agency Banks

Dear Sir/ Madam,

Opening of all Agency Banks for government business on April 1, 2017 – Revised instructions

We had vide our circular DBR.No.Leg. BC.55/09.07.005/2016-17 dated March 24, 2017 advised all Agency Banks to keep all their branches dealing with government business open on all days in the current financial year and on April 1, 2017 (including Saturday, Sunday and all holidays).

2. In this connection, it has been represented that the opening of bank branches on April 1, 2017 may disrupt the annual closing, especially in view of merger of some banks taking effect from that date. In consultation with Government of India, it has, therefore, been decided that while the Agency Banks are to keep all their branches dealing with government business open on all days in the current financial year (including Saturday, Sunday and all holidays) as already advised, these branches need not be kept open on April 1, 2017.

Yours faithfully,

(Rajinder Kumar)
Chief General Manager