According to the Reserve Bank of India (RBI) calendar list, banks will be closed for 13 days in March. Seven of the thirteen are according to the RBI holiday calendar, while the remaining are weekends — Saturdays and Sundays. Bank customers should be aware that not all banks will be closed for the entire 13-day period in all states or regions of the country, as holidays and festivals vary by state.
The Reserve Bank of India (RBI) has divided the holidays into three categories: Negotiable Instruments Act Holidays, Negotiable Instruments Act Holidays, and Real-Time Gross Settlement Holidays; and Banks’ Closing of Accounts.
Bank Holidays List:
March 1: (Tuesday): Banks in Gujarat will be closed on the occasion of Mahashivratri.
March 3: (Thursday): Because Losar falls on this day, banks in Sikkim will be closed.
March 4: (Friday): Banks in Mizoram will be closed due to Chapchar Kut.
March 6 : Sunday
March 12 : Second Saturday
March 13 : Sunday
March 17: (Thursday): Banks in Uttarakhand, Uttar Pradesh, and Jharkhand will be closed to commemorate Holika Dahan.
March 18: (Friday): Banks will be closed in Karnataka, Orissa, Tamil Nadu, Manipur, and Tripura due to the Holi celebration.
March 19: (Saturday): Due to Holi/Yaosang, banks in Orissa, Manipur, and Bihar will be closed.
March 20 : Sunday
March 22 : (Tuesday): Banks in Bihar will be closed to commemorate the Bihar Divas.
March 26 : Fourth Saturday
March 27 : Sunday
All Banks are closed on the second and fourth Saturdays of each month. And on every Sunday of the month.
However, you must note that the banks will NOT be closed for 13 days in all states or regions. This is the total number of days when banks in different parts of the country will remain closed for state-observed holidays. Thus, it must be noted that the bank holidays vary in various states as well not observed by all the banking companies. Banking holidays also depend on the festivals being observed in specific states or notification of specific occasions in those states.
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