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Currency Chests Must Stay Open on March 31, 2025

No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2024-25/129 · issued 24 Mar 2025 · ~2 min read
Quick answerRBI mandates all Currency Chests to remain open on March 31, 2025 (a public holiday) to support government transaction closures for FY 2024-25. Banks must treat it as a normal working day and inform linked branches.
The rule, in the simplest words
How it plays out — a real example

A currency-chest / cash officer in Indore, Priya, gets a notice from her bank's head office that the Currency Chest must stay open on March 31, 2025. She calls her linked branch manager to confirm they can send government cash receipts that day, ensuring no delays in year-end accounting for the district treasury.

What changed

RBI has directed all Currency Chest holding banks to keep their chests operational on March 31, 2025, which is a public holiday. This aligns with an earlier circular requiring bank branches handling government receipts and payments to stay open that day. The move ensures smooth accounting of government transactions for the financial year.

What it means for you

Banks must ensure Currency Chests are fully staffed and functional on March 31, 2025, despite it being a holiday. This will facilitate timely settlement of government transactions and avoid year-end accounting delays. Non-compliance could disrupt government cash flows and attract regulatory scrutiny.

Historical instruction — do not use for current compliance. This is what was required at the time; it no longer reflects current RBI requirements. If no replacement rule is linked above, that only means none is recorded on our register yet — it does not prove no later applicable rule exists. Confirm on the official RBI source below.

What banks were required to do at the time

Who it affects

All Currency Chest holding banks, Branches dealing with government receipts and payments, Linked branches of Currency Chests

❓ Common questions

Regulatory timeline

Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).

Why is March 31, 2025, a public holiday but still a working day for Currency Chests?

March 31 is the last day of the financial year, and RBI requires all government transactions to be accounted for in FY 2024-25. Despite being a public holiday, Currency Chests must operate normally to support these closures.

What happens if a Currency Chest does not open on March 31, 2025?

Non-compliance may disrupt government transaction settlements, leading to accounting mismatches and potential regulatory action from RBI. Banks should ensure full adherence to avoid penalties.

Do we need to inform our linked branches separately?

Yes, the circular explicitly advises Currency Chest holding banks to keep linked branches suitably informed about the extended operations on March 31, 2025.

📜 This document’s life story (1 recorded event, each backed by RBI’s own words)
Repealed by RBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
RBI’s words: “Official withdrawal register entry #84: DOR.CO.SOG(Leg)No.59/09.08.024/2024-25 — "All Agency Banks to Remain Open for Public on March 31, 2025 (Monday)" dated February 11, 2025”
📜 Read the original circular — full text as issued by RBI
RBI/2024-25/129 DCM (CC) No.S3811/03.51.001/2024-25 March 24, 2025 All Currency Chest (CC) holding banks Madam / Dear Sir Currency Chest operations on March 31, 2025 In terms of instructions contained in circular DOR.CO.SOG(Leg)No.59/09.08.024/2024-25 dated February 11, 2025 , all branches of the banks dealing with Government receipts and payments are to be kept open for transactions on March 31, 2025 (Monday-Public Holiday), so as to account for the Government transactions in FY 2024-25 itself. Since such transactions might necessitate operations at CCs, the banks are advised to keep their CCs open on March 31, 2025, akin to a normal working day. 2. The CC holding banks shall keep the linked branches suitably informed. Yours faithfully, (Sanjeev Prakash) Chief General Manager-in-Charge
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2024-25/129 · issued 24 Mar 2025. The plain-English explanation above is BankPulse’s own independent summary.
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BankPulse Compliance Evidence Pack — generated 03 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly).
Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12796&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
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