Banks will remain closed for a total of 12 days in March 2023. So if you have any work in the bank, it is necessary to plan ahead. As a rule, Indian banks remain open on the first and third Saturdays of the month, while the second and fourth Saturdays are considered holidays. So, to avoid any inconvenience, check the list of bank holidays in March. In March 2023, as per Reserve Bank of India (RBI) calendar, private and public sector banks will be closed for holidays.
Banks may also be closed on all public holidays, depending on the specific state and regional holidays. Such regional holidays are decided by the respective state governments. The Reserve Bank of India (RBI) has divided the holidays into three brackets as per the list mentioned on the official website of RBI – Holidays under the Negotiable Instruments Act; Holidays under Negotiable Instruments Act, real time gross settlement holidays, closure of bank accounts.
March 5 Sunday March 7 Holi (2nd day) March 8 Dhuleti/Doljatra/Holi/Yosang 2nd day March 9 is Holi March 11 is the second Saturday of the month March 12 Sunday March 19 Sunday March 22 is Ugadi March 25 is the fourth Saturday March 26 is Sunday March 30 is Sri Rama Navami
The first bank holiday starts on March 3 from Chapchar Kut. Other holidays like Gudi Padwa/Ugadi Pashwada/Bihar Divas fall on March 22. Banks in some states observe holidays as per RBI calendar.
ATMs will be operational on four Sundays in March, 5th, 12th, 19th and 26th March, second and fourth Saturdays i.e. 11th and 25th March. As per Negotiable Instruments Act, RBI has declared holidays on March 3, 7, 8, 9, 22, 30. Also, according to the RBI calendar, there are six bank holidays in March 2023. ATMs, cash deposits, online banking and mobile banking services will continue to function, so it should be noted that people may face issues related to bank operations even during bank holidays.
