As March begins, several festivals like Holi and Mahashivratri are lined up, contributing to approximately 14 bank holidays this month. The Reserve Bank of India (RBI) has released the list of holidays for March, and it is crucial for individuals with banking-related tasks to complete them promptly, considering the extended closures.
Bank Holidays in March 2024: A Quick Overview
Users of banking services need to be aware that banks will remain closed for about 14 days in March. Apart from holidays associated with various state festivals, weekends also add to the closure days. While online services will continue to operate, tasks involving physical documents like checkbooks and passbooks might be affected.
List of Bank Holidays in March 2024
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March 1, 2024
- Mizoram – Bank holiday due to Chapchar Kut.
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March 3, 2024
- Sunday – Regular weekend closure.
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March 8, 2024
- Ahmedabad, Belapur, Bengaluru, Chandigarh, Dehradun, Kochi, Lucknow, Mumbai, Bhopal, Bhubaneswar, Hyderabad, Jammu, Kanpur, Nagpur, Raipur, Ranchi, Shimla, Srinagar, Thiruvananthapuram – Bank holiday due to Mahashivratri/Shivratri.
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March 9, 2024
- Second Saturday – Regular weekend closure.
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March 10, 2024
- Sunday – Regular weekend closure.
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March 17, 2024
- Sunday – Regular weekend closure.
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March 22, 2024
- Patna – Bank holiday due to Bihar Diwas.
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March 23, 2024
- Fourth Saturday – Regular weekend closure.
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March 24, 2024
- Sunday – Regular weekend closure.
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March 25, 2024
- Nationwide bank holiday due to Holi or Yaosang Day, excluding certain states like Bengaluru, Bhubaneswar, Chennai, Imphal, Kochi, Kohima, Patna, Srinagar, and Thiruvananthapuram.
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March 26, 2024
- Bank holiday due to Holi or Yaosang Day in Bhopal, Imphal, and Patna.
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March 27, 2024
- Bank holiday due to Holi in Patna.
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March 29, 2024
- Nationwide bank holiday due to Good Friday, excluding Agartala, Guwahati, Jaipur, Jammu, Shimla, and Srinagar.
Availing Online Services
During bank holidays, customers can still make use of online services such as UPI, mobile banking, and internet banking, as these digital platforms remain unaffected by bank closures. Transactions, fund transfers, and other digital banking activities can be carried out seamlessly.
As the list of holidays indicates, March 2024 poses several challenges for individuals with banking-related tasks. Therefore, it is advisable to plan and execute essential financial activities promptly and leverage digital services to mitigate any inconvenience caused by physical bank closures.