What changed
RBI, in consultation with the Department of Financial Services, directed all agency banks to open their designated branches on September 14 and 15, 2013, for advance tax collection. These two days are to be treated as normal working days for this purpose.
What it means for you
Banks must ensure their government business counters are staffed and operational on these two days to handle the expected rush of tax payments. This may require adjusting staff schedules and informing customers about the extended availability.
What you must do
- Keep designated government business counters open on September 14 and 15, 2013, as normal working days.
- Inform all concerned branches and staff to strictly implement the instructions.
- Acknowledge receipt of the circular to RBI.
Who it affects
All agency banks handling government business, Designated branch managers and staff, Taxpayers needing to submit advance tax challans
Why are banks required to open on these two days?
To facilitate collection of advance income and corporate taxes and manage the expected rush of taxpayers before the deadline.
Which branches need to remain open?
Only the designated branches of agency banks that conduct government business need to keep their counters open.
Are these days considered holidays or working days?
Both September 14 and 15, 2013, are to be treated as normal working days for the purpose of accepting advance tax challans.