Bank Holidays on March and April: Your Guide in 2023
The Reserve Bank of India (RBI) has announced specific bank holiday schedules for March and April 2023, affecting branch openings across the country. Despite closures, digital banking services continue to operate normally.
Highlights
- •Banks closed on March 28th for a fourth Saturday
- •Special holidays observed in several cities during Mahavir Jayanti
- •April bank holiday list: First day, Maundy Thursday, Good Friday
- •Sundays and specific Saturdays are also bank holidays across India
March: If you're set to visit the bank this Saturday, March 28th, keep in mind that it falls on a fourth Saturday, which means banks will be closed. According to the Reserve Bank of India (RBI) holiday list, most banks across India remain shut on all Sundays and second and fourth Saturdays. Digital services such as net banking, mobile banking apps, and UPI will function normally, ensuring you can still manage your finances online.
Besides these holidays, some branches might see closures for Mahavir Jayanti observed in selected cities like Ahmedabad, Bengaluru, Chennai, Hyderabad, Jaipur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna, Raipur, and Ranchi. To avoid inconveniences, complete significant banking tasks before such holidays.
Bank Holidays in April 2023
The month of April 2023 is packed with various holidays that will impact bank operations across India. The first day (April 1st) is marked as a national holiday due to the annual closing of financial accounts for banks.
Other notable holidays in April include Maundy Thursday and Good Friday, during which banks in specific states like Kochi and Thiruvananthapuram will remain closed. Additionally, numerous Indian festivals result in multiple bank closures. States celebrate diverse holidays such as Dr. Babasaheb Ambedkar Jayanti (Babasaheb's birthday), Bengali New Year (Nababarsha), Basava Jayanti (Day of the poet-saint Basavanna, celebrating his birth and death anniversaries) among others.
Furthermore, Sundays throughout April (April 5th, 12th, 19th, 26th), as well as specific Saturdays (April 11th, April 14th for a state-specific holiday, and April 25th) will see banks remain closed. For instance, on the occasion of certain festivals like Bohag Bihu, banks in Guwahati will be inaccessible.
The impact of these holidays is to disrupt regular banking processes. However, essential operations such as internet banking, mobile apps, and UPI services should function without issues, ensuring uninterrupted financial transactions for customers.
