All banks of India will remain closed for 13 days out of 31 days in the upcoming month of March 2022, according to the list of holidays released by the India’s central bank, Reserve Bank India. Among these holidays in March, the major festivals coming are Mahashivratri and Holi.
Holi, one of India’s largest festivals, falls on March 18 in 2022 and Mahashivratri is on March 1, 2022.
As per the bank holiday list released by the Reserve Bank of India (RBI), there will be 18 working days and 13 bank holidays in the month of March, 2022. However, the holiday list may vary from state to state.
But, you don’t have to worry as you can always do bank transaction through online banking during the holidays as they will continue to work during the holidays.
The RBI divides the holidays into the national and regional category. These are state-wise celebrations, religious holidays and festival celebrations.
All banks across India are closed on holidays listed in the national category while on holidays in the regional section, branches in some states remain closed.
Reserve Bank of India places its Holidays under three categories–Holiday under Negotiable Instruments Act, Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday, and Banks’ Closing of Accounts.
Check out the list of bank holidays in March 2022
March 1 (Tuesday): Mahashivratri, banks will be closed in Gujarat.
March 3 (Thursday): Losar, banks will remain shut in Sikkim.
March 4: (Friday): Banks will be closed in Mizoram on the occasion of Chapchar Kut.
March 17: Thursday: Holika Dahan, banks will remain closed in Uttarakhand, Uttar Pradesh and Jharkhand.
March 18: (Friday): festival of colours, Holi. All banks will remain shut in Karnataka, Odisha, 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 will also be closed on the second, 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 across India had a total of 12 holidays in February 2022. Some of the notable occasions in the month were Saraswati Puja/Shree Panchami/Basant Panchami and Chhatrapati Shivaji Maharaj’s Jayanti.