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Last Updated: March 26, 2024, 09:24 IST
These Banks Will Remain Open On March 30, 31 Despite Weekend; Check List Here – News18
Agency Banks To Remain Open On March 30, 31 Despite Weekend
The Reserve Bank of India (RBI) has declared that every one company banks collaborating in authorities transactions shall be open on March 31, 2024.
The Government of India (GoI) has advisable that every one financial institution branches that deal with authorities receipts and funds stay open for enterprise on Sunday, March 31, to account for all authorities receipts and funds in FY 2023-2024. According to a notification issued by the Reserve Bank of India (RBI), solely company banks shall be open on March 31, and never all financial institution branches shall be open for transactions. The RBI has additionally requested banks to supply ample publicity relating to the provision of banking providers on at the present time. The RBI introduced this in a discover dated March 21, 2024.
What Is An Agency Bank?
“A network comprising the Government Banking Divisions of RBI and branches of agency banks appointed under Section 45 of the RBI Act carry out the government transactions. At present all the public sector banks and select private sector banks act as RBI’s agents. Only designated branches of agency banks can conduct government banking business,” As per RBI’s web site.
Agency banks are these which have been authorised to deal with authorities receipts and funds. According to information revealed on the RBI web site on December 7, 2023, there are a complete of 33 company banks. This listing consists of 12 state banks and 20 personal sector banks. Furthermore, DBS Bank India Limited is the lone overseas financial institution on this association.
Check the total listing of company banks within the nation:
– Central Bank of India
– Bank of India (BOI)
– Bank of Baroda (BOB)
– Bank of Maharashtra
– UCO Bank
– Union Bank of India
– HDFC Bank Limited
– ICICI Bank Limited
– Jammu and Kashmir Bank Limited
– Karnataka Bank Limited
– Canara Bank
– Indian Bank
– Indian Overseas Bank (IOB)
– Punjab and Sind Bank (PSB)
– Punjab National Bank (PNB)
– State Bank of India (SBI)
– Axis Bank Limited
– City Union Bank Limited
– DCB Bank Limited
– Federal Bank Limited
– IDBI Bank Limited
– IDFC FIRST Bank Limited
– IndusInd Bank Limited
– Karur Vysya Bank Limited
– Kotak Mahindra Bank Limited
– RBL Bank Limited
– South Indian Bank Limited
– Yes Bank Limited
– Dhanlaxmi Bank Limited
– Bandhan Bank Limited
– CSB Bank Limited
– Tamilnad Mercantile Bank Limited
– DBS Bank India Limited.
