Sunday working: LIC, other insurance companies, banks, income tax offices to remain open on March 31; Here's why

Insurance companies will keep their offices open on Sunday, March 31, in view of the advisory issued by the Insurance Regulatory and Development Authority of India (IRDAI)..

To avoid any distress to policyholders at the end of the financial year 2023-24, the regulator advised insurance companies to keep their offices open on March 30 and March 31..

The Reserve Bank of India (RBI) in a notification urged banks to remain open and keep their branches functional for government-related transactions during the normal working hours on March 31..

The central bank notice reads, The government of India has made a request to keep all branches of the banks dealing with Government receipts and payments open for transactions on March 31, 2024 (Sunday) so as to account for all the government transactions relating to receipts and payments in the FY2023-24 itself.".

The Income-Tax department in notice dated March 18 stated, "To facilitate completion of pending departmental work, all the Income Tax Offices throughout India shall remain open on 29th, 30th and 31st March 2024."..

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