Digital Desk: Bank Holidays in March 2022; according to the Reserve Bank of India's holiday schedule, banks will be closed for 13 days in March 2022. Mahashivratri and Holi are two prominent festivities that take place in March.
Holi, one of India's major holidays, occurs on March 18, 2022, and banks across the country will be closed, with certain exceptions. Banks will also be closed in various states on March 1, 2022, to commemorate Mahashivratri.
Bank holidays are implemented in accordance with a schedule published by the Reserve Bank of India (RBI). According to a list, the number of vacations this month has been set at seven by the central bank. The weekend leaves are the only ones left. This contains all of the month's Sundays, as well as the second and fourth Saturdays. On the first and third Saturdays of each month, banks stay open. The list of holidays provided by the RBI is divided into three groups. These are state-wide events, religious holidays, and festival celebrations.
It should be mentioned that the Reserve Bank of India categorises its holidays into three categories: 'Holiday under Negotiable Instruments Act,' 'Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday,' and 'Banks' Closing of Accounts.' All bank branches, including the public and private sectors, foreign banks, cooperative banks, and regional banks, will be closed on these designated holidays.
Here’s the list of upcoming holidays in March 2022
March 1 (Tuesday): On the occasion of Mahashivratri, banks will be closed in Gujarat.
March 3 (Thursday): With Losar falling on this day, banks will remain closed in Sikkim.
March 4: (Friday): Banks will be closed in Mizoram due to Chapchar Kut.
March 17: Thursday: To celebrate Holika Dahan, banks will be shut in Uttarakhand, Uttar Pradesh and Jharkhand.
March 18: (Friday): Due to the festival of Holi, banks will be closed in Karnataka, Orissa, Tamil Nadu, Manipur, Tripura.
March 19: (Saturday): Banks to be closed Orissa, Manipur and Bihar due to Holi/Yaosang.
March 22: (Tuesday): Banks in Bihar will remain closed to mark the Bihar Divas.
Banks also remain shut on the second and fourth Saturdays of the month. And, on all Sunday’s of the month.
List of Saturdays and Sundays as Holidays:
Sunday: March 6, 2022
Second Saturday: March 12, 2022
Sunday: March 13, 2022
Sunday: March 20, 2022
Fourth Saturday: March 26, 2022
Sunday: March 27, 2022
Meanwhile, banks in India will be closed for 12 days in February 2022. Saraswati Puja/Shree Panchami/Basant Panchami and Chhatrapati Shivaji Maharaj's Jayanti were two major celebrations in the month.
Bank clients should arrange their trips properly, as bank closures may affect customers who need to physically visit a branch; therefore, it is critical to be aware of the holiday dates in advance. During this period, ATMs and online banking services will remain operational.
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