Banks in India will remain closed for 11 days in March, according to the Reserve Bank of India (RBI) calendar. Along with five festival holidays, banks in the country will also remain shut on 4 Sundays and 2 Saturdays, making the total holidays 11 days.
Bank holidays will differ according to states and are sometimes not observed by all banks. Holidays also depend on the festivals being observed in a particular state.
The country’s central bank categorises its holidays under categories: Holiday under Negotiable Instruments Act, and Real-Time Gross Settlement Holiday Banks’ Closing of Accounts.
Banking services are also expected to be affected as many bank unions have given a call for strike in protest against the government’s privatisation plan. The two-day long strike will be observed on March 15 and 16. Bank unions are also planning to march towards Parliament in Delhi on March 10
Those who have postponed their work related to the banking sector for March must look at the dates mentioned in the calendar to plan accordingly.
Check here the list of state-declared government bank holidays in March 2021.:
Bank Holidays in March 2021:
March 5, 2021, (Friday): Panchayati Raj Diwas – Odisha
March 5, 2021, (Friday): Chapchar Kut – Mizoram
March 9, 2021, (Tuesday): Hazrat Ali’s Birthday – Uttar Pradesh
March 11, 2021, (Thursday): Maha Shivarathri – Several states
March 23, 2021, (Monday): Martyrs’ Day – Punjab and Haryana
March 29, 2021, (Monday): Holi – Several states