Winning Bizness Desk
Mumbai. Only a few days are left for the end of the financial year 2022 2023 and April 1, the new financial year will begin. This is the high time when we calculate all the expenses incurred during the year. All accounts are accounted for in the month of March itself, then it is closed. In such a situation, RBI has instructed all the banks to remain open on Sunday. Actually, March 31 is the last day of the current financial year. On this day closing work is done in banks and this is the reason why RBI has issued orders to all banks to open branches for government transactions. However, there will be no work in banks on this day for the customers. However, checks can be deposited in the bank branch. Also, online banking will also be kept open on this day. After March 31, there will be no work in banks for two consecutive days i.e. on April 1 and 2.
What RBI said ?
"All agency banks should keep their designated branches open for over the counter transactions relating to government transactions during normal working hours on March 31, 2023," the central bank's letter said. It further said that transactions through National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) systems will continue till 12 midnight of March 31, 2023. Also, special clearing will be conducted for collection of government checks on March 31, for which the Department of Payment and Settlement Systems (DPSS) of RBI will issue necessary instructions.
Get Aadhaar linked to PAN
Get Aadhaar linked to PAN before March 31. If you do not do this, then from April 1, your PAN will be of no use. The last chance to invest in PM Vaya Vandana Yojana is also on this day. Apart from this, if you also file ITR, then you have to file ITR before 31 March. Otherwise you will have to pay the fine.