In view of closing of the current financial year and to facilitate the tax-payers in payment of taxes, the Reserve Bank of India has issued instructions vide notification RBI/2015-16/342 dated March 17, 2016 directing all agency banks to keep the counters of their designated branches conducting government business open till 8.00 p.m. on March 31, 2016. All electronic transactions would however, continue till midnight of March 31, 2016.

Extended bank hours: counters open for government business until evening; electronic tax payments allowed through midnight. Reserve Bank instructions require extended bank hours for government business: agency banks must keep counters at designated branches open until the evening to facilitate taxpayer payments, while electronic transactions will continue until midnight the same day.