About this day
Why it is kept and where it comes from
About this day
Bank's Holiday on 1 April is the day banks in India close their yearly accounts.
Spiritual philosophy, inner meaning and eternal virtues
The financial year in India begins on 1 April, and the banks close their accounts of the old year on that day, so the branches stay shut to the public.
How the day is observed
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Banks do not serve the public; online services continue.