If you are planning to visit bank branches this month, then you must know that public and private sector banks will remain closed for at least 13 days this month. These holidays include weekends and various festivals. The Reserve Bank of India (RBI) has released the list of holidays for the year 2022 at the beginning of every month. It has notified holidays for lenders under three brackets – Negotiable Instruments Act, holidays, real time gross settlement holidays and closure of accounts of banks.
Bank holidays are designed according to this central bank list. 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 noted that bank holidays vary from state to state. All lenders are closed on Republic Day (26 January), Independence Day (August 15), and Gandhi Jayanti (October 2), Christmas Day (December 25). Banks are also closed on festivals including Diwali, Christmas, Eid, Guru Nanak Jayanti, Good Friday.
Private and public sector banks across the country remain closed on the second and fourth Saturdays of every month. The Reserve Bank of India (RBI) has also made it mandatory for banks to remain closed on Sunday.
Here is the list of upcoming holidays in March 2022
March 1 (Tuesday): Banks will remain closed in most cities except Agartala, Aizawl, Chennai, Gangtok, Guwahati, Imphal, Kolkata, New Delhi, Panaji, Patna and Shillong.
March 3 (Thursday): Banks in Sikkim will remain closed due to the fall of Losar on this day.
March 4 (Friday): Banks will remain closed due to Chapchar Kut in Mizoram.
March 17: Thursday: Banks will remain closed in Uttarakhand, Uttar Pradesh and Jharkhand to celebrate Holika Dahan.
March 18: (Friday): Banks will remain closed in Karnataka, Orissa, Tamil Nadu, Manipur, Tripura due to Holi festival.
March 19 (Saturday): Banks will remain closed in Orissa, Manipur and Bihar on account of Holi/Yaosang.
March 22: (Tuesday): Banks will remain closed in Bihar on the occasion of Bihar Diwas.
Banks are also closed on the second and fourth Saturdays of the month. And, on all Sundays of the month.
List of Saturdays and Sundays as Holidays:
Sunday: 6 March 2022
Second Saturday: 12 March 2022
Sunday: 13 March 2022
Sunday: 20 March 2022
Fourth Saturday: 26 March 2022
Sunday: 27 March 2022
Bank customers should check the Bank Holiday List regularly for any new updates and also verify the same from the Holiday List released by Reserve Bank of India on its official website.
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