Bank Holidays in March 2022: Bank employees are going to enjoy a long weekend this week while customers will have to be cautious about the days when they are going to the bank for work. In Bank holiday Weekends and Holi are included.
All private and public sector banks will remain closed for nine days due to various public holidays. This is as per the list prepared by RBI, the central bank of India. Reserve Bank of India has released the list of holidays for the year 2022 in its annual list. According to this list, bank holidays have been prepared.
Holi, one of India’s biggest festivals, falls on March 18 in 2022 and banks across the country, with few exceptions, will remain closed.
Bank holiday come into effect as per a list issued by the Reserve Bank of India or RBI. According to a list of the central bank, the number of holidays this month has been fixed at six. The rest are weekend leaves. This includes all Sundays of the month as well as the second and fourth Saturdays. Banks are open on the first and third Saturdays of every month. The RBI holidays list falls into three categories. These are state wise celebrations, religious holidays and festival celebrations.
The Reserve Bank of India (RBI) prepares a list of holidays for public and private sector banks at the beginning of every year. It usually denotes holidays under three broad brackets – Negotiable Instrument Act, Holiday, Real Time Gross Settlement Holiday and Bank Account Closure. All banks including public sector, private sector, foreign banks, co-operative banks and regional banks across the country will remain closed on these notified holidays.
It should be mentioned that bank holidays also differ from state to state. Banks will remain closed on March 17 in Uttarakhand, Uttar Pradesh and Jharkhand to celebrate the festival of Holika Dahan before Holi. Holi will be celebrated across the country on March 18. Banks will remain closed in Ahmedabad, Aizawl, Belapur, Bhopal, Chandigarh, Dehradun, Gangtok, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Panaji, Patna, Raipur, Ranchi, Shillong. Srinagar, Friday 18 March.
Lenders will also remain closed in some states – Orissa, Manipur and Bihar – on March 19 on account of Holi or Yosang. Banks are also closed on the second and fourth Saturdays of the month and on all the Sundays of the month. Hence, lenders across India will also remain closed on March 20.
List of Bank Holidays in 3rd week of March
March 17, 2022, Thursday: Banks will remain closed in Dehradun, Kanpur, Lucknow, Ranchi to celebrate Holika Dahan
March 18, 2022, Friday: Banks will remain closed in Ahmedabad, Aizawl, Belapur, Bhopal, Chandigarh, Dehradun, Gangtok, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Lucknow, Mumbai, Nagpur, New Delhi, Panaji, Patna, Raipur. Ranchi, Shillong, Shimla, Srinagar due to Holi
March 19, 2022, Saturday: Banks will remain closed in Bhubaneswar, Imphal, Patna on account of Holi/Yaosang
20 March 2022, Sunday: Bank Holiday
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