Achi news desk-
New Delhi5 days ago
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Although March 31, 2024 is a Sunday holiday, all agency banks will remain open to the public. For this, the Reserve Bank of India (RBI) has issued a notification today on Wednesday. The Income Tax Department has also requested to keep all its offices open.
According to the RBI circular, “Banks are advised to keep all their branches dealing with government business open on Sunday, March 31, 2024. Apart from this, all agency banks will also remain open for public, so that in FY24, receipts and In order to be able to keep accounts of all government transactions related to payments.Let us tell you that this day is the last day of the current financial year 2023-24 (FY24).
It is clear from this circular that, along with government work, banks will also work for the public. On this day, all facilities provided to the public will be available as before. This notification has been issued through RBI Chief General Manager, Sunil TS Nair.
All transactions are settled
Every year March 31 is the last day of the financial year. On this day, ideally all government related transactions should be settled. Due to this, transactions through the National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) system continue until 12 midnight on March 31.
Saturday-Sunday holidays along with Good Friday canceled in the Income Tax Department
Due to the end of the current financial year, the Income Tax Department has also canceled the long weekend holidays of all its offices. Today the department has published a circular regarding this.
The department has taken this decision to complete tax related work. That means, all Income Tax Department offices will remain open on March 29 (Friday), March 30 (Saturday) and March 31 (Sunday).
With this decision of the department, the tax payer will get 3 more days to complete the tax related work, because due to this week’s Question, all the offices of the Income Tax Department will remain closed on Monday. In such a situation, in order to provide convenience to the taxpayers, the department has decided to end the long weekend.
Read this news for information relating to the bank holiday
Banks will remain closed for 3 consecutive days due to Holi: During the last 10 days of March, banks will not operate for 8 days in different places.
This time Holi will be celebrated in the country on Monday 25 March 2024. Banks will remain closed in most states of the country on this festival. Along with this, due to the fourth Saturday, there will be no work in banks on March 23 and March 24, Sunday.
That means banks will remain closed for 3 consecutive days between 23 and 25 March this month. Banks will also remain closed on Good Friday, March 29. During the last 10 days of March ie between March 22 and 31, banks will not operate for a total of 8 days in different places.
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Invest until 31 March for tax exemption: Post Office scheme returns up to 8.2% plus tax saving, these 5 schemes will be good
New year 2024 has started, this year you have to complete many important tasks. One of these tasks is tax saving investment for the 2023-24 financial year. You must make this investment by 31 March 2024.
If you want to save tax along with a safe investment, then there are 5 Post Office schemes including PPF, Time Deposit and Sukanya Scheme that you can invest in. Apart from saving tax, these plans will also enable you to get returns of up to 8.2%.
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