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Enterprise information: Life Insurance coverage Company will preserve its places of work open on March 30 (Saturday) and March 31 (Sunday) to facilitate taxpayers to finish tax saving train earlier than the closing of the fiscal yr. LIC’s measure follows the announcement by banks that their branches will stay open on Saturday and Sunday.
The RBI had earlier this month directed banks to maintain their designated branches open for presidency transactions as much as the traditional working hours on March 30 and March 31, 2024.
In a press release, the general public sector insurer mentioned as per the advisory by the insurance coverage regulator IRDAI, LIC has determined to increase this particular measure to the policyholders.
“It has been determined that the Workplaces below the jurisdiction of zones and divisions will probably be saved open for regular operations as per official working hours on 30.3.2024 and 31.3.2024, so as to keep away from any hardship to the policyholders,” LIC mentioned in a press release.
Banks additionally open on March 31
The Reserve Financial institution of India (RBI) has suggested banks to maintain its branches coping with authorities enterprise to stay open on March 31, the final day of the present monetary yr is a Sunday.
“The Authorities of India has requested to maintain all branches of the banks coping with Authorities receipts and funds open for transactions on March 31, 2024 (Sunday) to account for all of the Authorities transactions regarding receipts and funds within the FY2023-24 itself,” the RBI mentioned in a notification.
Accordingly, company banks are suggested to maintain all their branches coping with authorities enterprise open on March 31, 2024 (Sunday), it mentioned. The RBI has mentioned that every one branches of the banks coping with Authorities receipts and funds will stay open for transactions on March 30 and March 31 to account for all of the Authorities transactions regarding receipts and funds within the FY 2023-24 itself.
“With the intention to facilitate Authorities receipts and funds, obligatory preparations have additionally been made to conduct particular clearing operations throughout the nation. Particular clearing will probably be carried out for Authorities cheques each on March 30 & 31, 2024. Company Banks are hereby suggested that every one cheques associated to Authorities accounts could also be offered on such clearing. The timing for presentation and return clearing of devices for these particular clearing classes for presidency cheques will probably be intimated sooner or later,” it mentioned in a press release.
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