Banks to remain closed on March 31 and April 1

THIRUVANANTHAPURAM: Banks will remain closed on March 31 and April 1 due to the annual account closing process. April 1 is a mandatory bank holiday across all states for the financial year-end closing.

However, banks handling government transactions and treasury-related operations will remain open on March 31. To ensure that central and state government transactions are not disrupted, banks have been instructed to conduct special clearance operations.

However, March 31 will remain a public holiday for regular banking customers. While banks will open on April 1 for internal accounting purposes, customers will not be able to conduct transactions.