New Delhi: Bank branches can be closed ahead of upcoming proposed strike by banking associations and on account of holidays in the month of March. However, banking activities on mobile and internet will remain uninterupted.
Bank unions have called for a two-day strike, to protest against the proposed privatisation of banks and will be closed for two-days on March 15 (Monday) and March 16 (Tuesday).
Meanwhile, the previous two days – March 13 is a second saturday and March 14 is a Sunday, hence, banking services will remain closed for four days in a row.
The Reserve Bank of India (RBI) has also mentioned some days when the banking operations will remain closed in the month of March 2021. RBI places its Holidays under three brackets –Holiday under Negotiable Instruments Act; Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday; and Banks’ Closing of Accounts.
Considering two second saturdays and 4 sunday weekly offs, the total number of days when bank will be closed amounts to 11.
It is to be mentioned that bank holidays vary in various states as well not observed by all the banking companies. It also depend on the festivals being observed in specific states or notification of specific occasions in those states.
Know when you can plan your bank visit based on the list of bank holidays falling in the month of March 2021:
Holidays of the mentioned days will be observed in various regions according to the state declared holidays, however for the gazetted holidays, banks will be closed all over India.