New Delhi: Before visiting your bank branch today (March 1, 2022), you should note whether the bank branch in your city is open or not.
According to the RBI public holiday list, bank branches in several cities will be closed today due to Mahashivratri 2022. However, banking activities such as ATM transactions, online transactions, IMPS, RTGS, etc. will continue to be operational.
The banks in the cities mentioned below with the red dots will remain closed due to Mahashivratri 2022. The red dots fall under the Holidays Act under the RBI Negotiable Instruments Act.
Banks will remain closed for a total of 13 days during March -7 as per the Reserve Bank of India (RBI) public holiday calendar list and the remaining days are weekends.
However, you should note that the banks will NOT be closed for 13 days in all states or regions. This is the total number of days that banks in different parts of the country will remain closed for public holidays. For example, bank branches may be closed for Bihar Divas in Bihar but NOT closed for the same festival in Assam.
Here is an elaborate list of public holidays falling in the month of March 2022. Check out the list.
Holiday Description Day
Mahashivratri (Maha Vad-14): March 1
Losar: March 3
Chapchar Kut: March 4
Holika Dahan: March 17
Holi/Holi 2nd day – Dhuleti/Doljatra: March 18
Holi/Yaosang Day 2: March 19
Bihar Divas: March 22
Apart from the holidays mentioned above by RBI, banks will be closed on the following weekends
Sunday: March 6
Second Saturday: March 12
Sunday: March 13
Sunday: March 20
Fourth Saturday: March 26
Sunday: March 27
Reserve Bank of India places its holidays under three brackets –Holiday under Negotiable Instruments Act; Public holiday under the Negotiable Instruments Act and real-time gross settlement holiday; and closure of bank accounts. However, it should be noted that public holidays vary from state to state and are not observed by all banking companies. Public holidays also depend on festivals observed in specific states or notification of specific occasions in those states.