Bank holidays in March 2024: Plan your transactions with these 14 closure days

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As March approaches, it is crucial for individuals to be aware of the scheduled bank holidays to plan their financial activities accordingly. In March 2024, banks will be closed for at least 14 days, encompassing public holidays, regional holidays, second and fourth Saturdays and all Sundays. The determination of these holidays is a collaborative effort between the Reserve Bank of India (RBI) and the respective state governments.

March 2024 Bank Holidays: 

National Holidays:

  • March 1: Chapchar Kut (Mizoram)
  • March 8: Mahashivratri (except Tripura, Mizoram, Tamil Nadu, Sikkim, Assam, Manipur, Itanagar, Rajasthan, Nagaland, West Bengal, New Delhi, Goa, Bihar, Meghalaya)
  • March 25: Holi (except Karnataka, Odisha, Tamil Nadu, Manipur, Kerala, Nagaland, Bihar, Srinagar)
  • March 29: Good Friday (except Tripura, Assam, Rajasthan, Jammu & Kashmir, Himachal Pradesh)

State Holidays:

  • March 22: Bihar Diwas (Bihar)
  • March 26: Yaosang second day/Holi (Odisha, Manipur, Bihar)
  • March 27: Holi (Bihar)

Regular Bank Closures:

  • Every Second Saturday (March 9)
  • Every Fourth Saturday (March 23)
  • Sundays: March 3, 10, 17, 24, 31

Online banking accessibility:

Despite the closure of physical branches, nationwide access to online banking services remains available. Both private and public sector banks may observe holidays, but online transactions and services continue uninterrupted. Individuals are encouraged to leverage online banking facilities during these closure days to manage their financial transactions conveniently.

Varying Holiday Lists:

While the provided list offers a general overview, it is essential to acknowledge the possibility of regional variations. Different states may have specific holidays, and individuals are advised to verify the holiday schedule with their particular bank branch or check the official website for the most accurate and up-to-date information.

Bank holidays list determination:

The Reserve Bank of India (RBI) plays a pivotal role in determining the bank holidays. The list is compiled based on various factors such as national and state holidays, cultural or religious observances, operational requirements, government announcements, and coordination with other banks. The RBI communicates the finalized holiday schedule through official channels, including its website and notifications to banks and financial institutions.

As individuals plan their financial activities for March 2024, staying informed about the specific closure days will help ensure smooth and efficient banking experiences.

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