Bank Holidays in March 2022: Banks To Remain Closed for 13 Days Next Month; Full List

Bank Holidays in March 2022: According to the holiday list released by the Reserve Bank India, banks will remain shut for 13 days in the coming month of March 2022. Some of the major festivals falling in the month of March are Mahashivratri and Holi.

Holi, one of India’s largest festivals, falls on March 18 in 2022 and banks across the country, with some exceptions, will be closed. Banks will also be closed across many states on March 1, 2022 on the occasion of Mahashivratri.

Bank holidays come into effect as per a list released by the Reserve Bank of India or RBI. According to a list by the central bank, the number of holidays has been fixed at 7 this month. The remaining are the weekend leaves. This includes all Sundays of the month, as well as second and fourth Saturdays. Banks remain open on the first and third Saturdays of every month. The RBI’s list of holidays falls into three categories. These are state-wise celebrations, religious holidays and festival celebrations.

It is to be noted that the Reserve Bank of India places its holidays under three brackets, including ‘Holiday under Negotiable Instruments Act’, ‘Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday’ and ‘Banks’ Closing of Accounts’. On these notified holidays, all branches of banks, which includes the public sector, private sector, foreign banks, cooperative banks and regional banks, will remain shut.

Here’s the list of upcoming holidays in March 2022