Eid-Ul-Fitr holiday for banks: Are banks, tax department, insurers open on March 31, 2025 for year end closures?

Banks and Income Tax Offices will remain operational on March 31, 2025, despite it being a public holiday for Ramzan-Id (Eid-Ul-Fitr). This decision ensures the timely completion of fiscal year-end financial transactions. RBI has issued special instructions for banking and insurance companies to facilitate critical transactions.