As the financial year 2024-25 draws to a close, several key financial institutions, including the Life Insurance Corporation of India (LIC), the Income Tax Department, and insurance companies, have been directed to remain operational on March 29, 2025, March 30, 2025 and March 31, 2025. These measures have been put in place to ensure a smooth year-end transition for policyholders, taxpayers, and businesses, preventing any disruptions due to financial deadlines.Also read: Bank holidays in April 2025: Find out if banks will be open or closed on these days in your state in April 2025
Banks will remain open on March 29, 2025 and March 31, 2025 for government related transactions.
LIC office
The Life Insurance Corporation of India (LIC) has said that all zonal and divisional offices will remain open on March 29, 2025, March 30, 2025 and March 31, 2025. By keeping its offices open, LIC aims to provide uninterrupted services to policyholders who may need to complete premium payments, policy renewals, claim settlements, or other financial transactions before the fiscal year ends.
According to the LIC circular on March 28, 2025, “The Offices of LIC of India under jurisdiction of Zones and Divisions will be kept open for normal operations as per official working hours on 29.03.2025, 30.03.2025 and 31.03.2025, in order to avoid any hardship to the policyholders. This is as per the advisory issued by Insurance Regulatory and Development Authority of India (IRDAI) dated 12.3.2025.”
Also read: Saturday bank holiday: Are banks open or closed this Saturday on March 29, 2025?
Income Tax Department
The Income Tax Department has issued a directive to keep all its offices operational on March 29, 2025, March 30, 2025 and March 31, 2025. The directive, issued by the Central Board of Direct Taxes (CBDT) under Section 119 of the Income Tax Act, 1961, ensures that taxpayers can meet their financial obligations without delay. March 31, 2025, is the last date to file certain tax returns and settle outstanding tax dues for FY 2024-25.
According to a CBDT press release on March 26, 2025, “ The Financial Year 2024-25 closes on 31th March, 2025 (Monday), which is a Closed Holiday. Further, 29th March, 2025 is a Saturday and 30th March, 2025 is a Sunday. Therefore, to facilitate completion of pending departmental work, all the Income Tax Offices throughout India shall remain open on 29th, 30th and 31 March, 2025. This direction is issued for administrative convenience by the Central Board of Direct Taxes in exercise of powers conferred under section 119 of the Income-tax Act,1961.”
Insurance Regulatory and Development Authority of India
The Insurance Regulatory and Development Authority of India (IRDAI) has also instructed all insurance companies to keep their offices operational on March 29, 2025, March 30, 2025 and March 31, 2025.
According to an IRDAI notification on March 12, 2025, “In order to avoid any hardship to the policyholders, the insurers are hereby advised to keep their offices open as per normal working hours on 29th, 30th and 31st March, 2025. The insurers may take note of the above and give adequate publicity to the special arrangement made as above.”
