Stock Market Holiday: Are NSE, BSE, and Banks Closed on March 31 For Eid-ul-Fitr?

This year, March 31, 2025, marks both the last day of the financial year and the celebration of Eid-ul-Fitr. Many people are wondering if stock market, banks, income tax offices, and insurance companies will be open on this important day. Here’s what you need to know:

NSE and BSE Closed on March 31, 2025

The Indian stock market (NSE and BSE) will remain closed on Monday, March 31, 2025, in observance of Eid-ul-Fitr (Ramzan Id). Trading activities will resume on Tuesday, April 1, 2025, after a long three-day weekend.

Both the NSE and BSE will be shut for the entire day, affecting trading and settlement across stocks, derivatives, and securities lending and borrowing (SLB) segments.

Commodity Exchanges: MCX and NCDEX

• The Multi Commodity Exchange (MCX) will operate partially, with trading available only in the evening session from 5 PM to 11:30/11:55 PM. 
• The National Commodity & Derivatives Exchange (NCDEX), which primarily deals in agricultural commodities, will remain completely closed on March 31, 2025.

Will Banks Be Open on March 31?

Yes, all banks will remain open on March 31, 2025. The Reserve Bank of India (RBI), in a circular issued on March 17, stated that banks, including those handling government transactions, will operate as usual. While this day was earlier considered a holiday in some regions due to Eid-ul-Fitr, banks will now function to help taxpayers complete their transactions.

Additionally, the RBI has arranged special clearing operations for government payments and receipts. On that day, the Department of Payment and Settlement Systems (DPSS) will issue instructions for processing government cheques.

Will Income Tax Offices Be Open on March 31?

Income tax offices will be open from March 29 to March 31, 2025, to assist taxpayers in completing financial transactions before the fiscal year ends. The Central Board of Direct Taxes (CBDT) has announced that all tax offices will operate to facilitate pending work.

Taxpayers should also note that the last date to file updated income tax returns is March 31, 2025.

Will Insurance Companies Be Open on March 31?

Yes, insurance company offices will remain open from March 29 to March 31, 2025. IRDAI has directed insurers to keep their offices operational so that policyholders can complete policy-related transactions before the financial year ends.

Conclusion

While stock markets will remain closed on March 31, 2025, essential financial institutions like banks, tax offices, and insurance companies will stay open, ensuring uninterrupted services for year-end transactions.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.