On holidays, online and net banking services remain operational.
Bank closed for 12 days in March: The month of March 2023 has many festivals like Holi, Chaitra Navratri, Ram Navami, and many more.
Bank Holidays in March: Banks will remain closed for 12 days including second and fourth Saturdays and Sundays in the month of March. While some bank holidays will be observed nationwide, others will be local holidays. It is noteworthy that banks India Follow gazetted holidays. While all banks are closed on public holidays, some banks celebrate regional festivals and holidays.
There are many festivals in the month of March 2023 like Holi, Chaitra Navratri, Ram Navami, and many more.
If you have some bank related work and are planning to visit your nearest branch in March, then you must first check the Reserve Bank of India (RBI) bank holiday list.
The Reserve Bank of India has grouped its holidays into three brackets – holidays under the Negotiable Instruments Act; holiday and real time gross settlement holiday under the Negotiable Instruments Act; and closure of accounts by banks. However, it should be noted that bank holidays differ from state to state and are not observed by all banking companies. Banking holidays also depend on the festivals being celebrated in specific states or the notification of specific occasions in those states.
Here is the full list of bank holidays in March:
March 03 – Chapchar Kut (Aizawl, Mizoram)
05 March – Banks will remain closed on Sunday
March 07 – Holi/Holi (Second Day)/Holika Dahan/Dhulandi/Dol Jatra (Belapur, Dehradun, Guwahati, Hyderabad – Telangana, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, Panaji, Ranchi and Srinagar regions)
March 8: Bank holiday in some cities including Agartala, Ahmedabad, Aizawl, Bhopal, Bhubaneswar, Chandigarh, Dehradun and Gangtok.
March 09- Holi (Patna)
March 11 – Second Saturday
March 12 – Banks will remain closed on Sunday
March 19 – Banks will remain closed on Sunday
March 22: Bank holiday in some cities including Belapur, Bengaluru, Chennai, Hyderabad, Imphal, Mumbai, Nagpur, Panaji and Patna.
March 25 – Fourth Saturday
March 26 – Banks will remain closed on Sunday
March 30: Bank holiday in some cities including Ahmedabad, Bhopal, Bhubaneswar, Chandigarh, Patna, Lucknow, Mumbai and Nagpur.
Bank customers can use net banking and mobile banking to do some of their banking work, despite these bank holidays including weekly holidays.
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