New Delhi: It’s time for everyone to take stock of their bank-related tasks as the festival of colour Holi is just around the corner and banks will remain shut this week for four days in a row in several parts of the country.
Banks in Uttarakhand, Uttar Pradesh and Jharkhand will be closed on the account of Holi on March 17 while banks in Ahmedabad, Aizawl, Belapur, Bhopal, Chandigarh and several other cities will observe a holiday on March 18, as per the guidelines issued by the Reserve Bank of India (RBI).
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Apart from Holi celebrations, banks will remain closed on the second and fourth Saturdays and Sundays of the month. In February, banks in the country were shut for 12 days.
Bank holidays are listed under three categories: Holiday Under Negotiable Instruments Act, Holiday Under Negotiable Instruments Act and Real Time Gross Settlement Holiday, and Banks’ Closing of Accounts. However, these holidays differ from state to state.
Check bank holidays in different cities in the third week of March:
March 17 (Holika Dahan): Banks to remain shut on Dehradun, Kanpur, Lucknow and Ranchi
March 18 (Holi/Holi second day/Dhuleti/Doljatra): All banks will remain shut in Ahmedabad, Aizawl, Belapur, Bhopal, Chandigarh, Dehradun, Gangtok, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Panaji, Patna, Raipur, Ranchi, Shillong, Shimla and Srinagar.
March 19 (Holi/Yaosang second day): Banks will remain closed in Bhubaneswar, Imphal and Patna.
March 20: Sunday
(Source: RBI.org.in)
Also, note that banks in Patna will be closed on March 22 on the account of Bihar Diwas, whereas banks across the country will be shut on March 26 (fourth Saturday) and March 27 (Sunday).