In India, April 1st is designated as a bank holiday specifically for the closing of annual accounts. This follows the end of the Indian fiscal year on March 31st. While it is not a public holiday for all sectors, commercial and cooperative banks remain closed to the public to allow staff to finalize financial statements and perform year-end audits. This is a critical administrative day for the Indian banking system.
This holiday is scheduled by the Reserve Bank of India (RBI) under the Negotiable Instruments Act, occurring on the first day of the new fiscal year.
No historical data available
