Bank Holidays March 2022: There Are 13 Bank Holidays This Month, Check Full List

After the list of February 2022 bank holidays, it's time for the second month of the new year, and with it comes a new set of bank holidays.?

Banks will be shut for 13 days in March 2022 including second and fourth Saturdays and Sundays.?As per the Reserve Bank of India (RBI) guidelines, banks will be closed on all public holidays with some regional holidays depending on the particular state. Regional holidays are decided by respective state governments.

The month of March observes 13 bank holidays - the first holiday starts from?Mahashivratri?on March 1 and other holidays like Holi?on March 18 will be observed holidays which are applicable to all banks in India except some states.

People will not face any problem in bank-related work as holidays are not frequent or at short intervals and ATMs, cash deposits, online banking, mobile banking will continue to function. These holidays may vary from state to state as holidays are determined keeping in view the local festivals.

Bank Holidays March 2022 | Photo: AFP

According to RBI guidelines, banks are closed on Sundays as well as on the second and fourth Saturdays of the month. Under the Negotiable Instruments Act, RBI has declared holidays on March 1 (Mahashivratri), 3 (Losar), 4 (Chapchar Kut), 17 (Holika Dahan), 18 (Dhuleti/Doljatra), 19 (Holi/Yaosang) and 22 (Bihar Diwas). Apart from this, there are four Sundays in the month falling on March 6, 13, 20, and 27 and also on the second and fourth Saturdays on March 12 and 26.

According to the Reserve Bank's calendar, apart from the weekend, there are 7?bank holidays in March month. The central government has divided the holidays into three categories, under the Negotiable Instruments Act, 1881. In these three categories – Holidays under Negotiable Instruments Act, and Real-Time Gross Settlement Holiday and Banks’ Closing of Accounts.

Those who have to complete the important work related to the bank in October, should see the list of holidays and plan their work in advance.

Check out the state-wise list of bank holidays in March 2022:?

1. March 1 (Tuesday) - Mahashivratri

Banks will be closed in Delhi, Haryana, Punjab, Himachal Pradesh, Maharashtra, Gujarat, Uttar Pradesh, Telangana, Kerala, Andhra Pradesh, Rajasthan, Madhya Pradesh, Karnataka, Jharkhand, Chattisgarh, Uttarakhand and Odisha on the occasion of Mahashivratri on 1 March 2022, Tuesday. Mahashivratri is the sacred festival in India and one of the largest and most significant among Hindus around the world. Shivratri comes in every month but Mahashivratri comes once a year. The festival of Mahashivaratri is celebrated on the Chaturdashi of Krishna Paksha of Falgun month. This time in 2022, this festival is on Tuesday, March 1. It is believed that on this day Lord Shiva and Parvati got married. According to the scriptures, on the night of Mahashivratri, Lord Shiva appeared in the form of Jyotirlinga having the same effect as crores of suns. Since then, the festival of Mahashivratri is celebrated every year on the Chaturdashi date of the Krishna Paksha of Falgun month. Shiva devotees keep a fast on this day and get the blessings of their adoration. The ceremony of Jalabhishek in the temples continues throughout the day.

2. March 3 (Thursday)- Losar

Banks will be closed in Sikkim on 3 March 2022 on the occasion of Losar. Many festivals like Baisakhi, Makar Sankranti, Pongal, etc. are celebrated in our country to welcome it on the occasion of New Year. But in the meantime, there is another festival that presents the example of Indian culture with its color, form and art. This unique festival is called Losar. The Losar festival begins on the first day of the year according to the Tibetan calendar lunisolar and this festival lasts for 15 days, the first three days of this festival are very special. According to old traditions, family members visit the graves of the dead in their homes and pray for the peace of their souls. On the third day, there is a wait to see the moon. The first three gins are very special at this festival.

3. March 4: (Friday) - Chapchar Kut

TOI

Banks remain closed Friday, 4 March 2022 in Mizoram on the occasion of Chapchar Kut. Chapchar Kut is the most important festival of the Mizo people. The association of this festival is also related to nature like other festivals of India. Actually, there is a different type of farming in tribal areas which is called Jhum farming. In this method of farming, forests and vegetation are first cut and burnt, then the same land is cultivated, when the crop is harvested from this land, then leaving that land fallow, the next time it is cultivated on another land.

The Mizo caste of Mizoram also does this jhum cultivation. There are mainly bamboo forests here, so these people cut these bamboos and cultivate them at the same place. During this time these people celebrate the 'Chapchar Kut' festival.

4. March 6 (Sunday) - Weekend Bank Holiday

Banks across the country remain closed on their weekly off on Sunday, 6 March 2022.

5. March 12 (Second Saturday of the month) - Weekend Bank Holiday

All the banks across the country remain closed on the second Saturday of the month on 12 March 2022.

6. March 13 (Sunday) - Weekend Bank Holiday

Banks across the country will be closed on their weekly off on Sunday, 13 March 2022.

7. March 17: Thursday - Holika Dahan

Bank branches remain closed on Thursday, 17 March 2022 on the occasion of Holika Dahan in Jharkhand, Uttar Pradesh, and Uttarakhand. The festival of Holika Dahan is celebrated a day before Holi. This festival is one of the important festivals for Hindus in India. Holika Dahan has been celebrated in many parts of India as well as Nepal. This festival is also seen as the victory of good over evil. According to the Hindu calendar, this festival is celebrated on the full moon date of the month of Falgun. On this day people make Holika made of wood and cow dung and burn it and pray to God for the fulfilment of their wishes. This day assures people that if they worship God with a sincere heart, then God will definitely listen to their prayers and will protect all his devotees from all kinds of troubles.

8. March 18: (Friday) - Dhuleti/Doljatra

Reuters

Banks will be closed Friday, 18 March 2022 across the country on the occasion of Dhuleti/Doljatra except Agartala, Bengaluru, Bhubaneswar, Chennai, Imphal, Kochi, Thiruvananthapuram. Holi is an important festival celebrated in the spring, especially in India and Nepal. According to the Indian Hindu calendar, this festival is celebrated every year on the full moon date of the month of Phalgun. A festival of colours, Holi is celebrated for three days - Holika Dahan is celebrated on the first day, followed by Dhulendi (Rang Holi) and Rang Panchami. The excitement, however, starts to build at least a week before the actual festival.

9. March 19: (Saturday) - Holi/Yaosang

Banks remain closed in Bihar, Manipur and Orissa on Saturday, 19th March 2022 on the occasion of Holi/Yaosang. The Festival of Yaosang is one of the major festivals of Manipur and is celebrated by different communities in many parts of India. Its five-day long festival is celebrated on the full moon day of the month of Lamta (February-March), at the same time as the Holi celebration. But not just with colours, the festival is celebrated with singing, dancing, and many other traditional performances. Yaosang is celebrated with high spirits by the young and the old, irrespective of their gender and age. This festival represents the celebration of love amongst children, adults and people of all ages.

10. March 20 (Sunday) - Weekend Bank Holiday

Banks across the country will be closed on their weekly off on Sunday, 20 March 2022.

11. March 22: (Tuesday) - Bihar Diwas

BCCL

Banks will be closed in Bihar on Tuesday, 22 March 2022 on the occasion of the Bihar Diwas. Bihar Diwas is celebrated every year on March 22, marking the formation of the state of Bihar. The state was established on 22 March 1912. Today the state of Bihar has completed 110 years. The day is celebrated since the separation of the state from the Bengal Presidency by the British in 1912. Every year the Government of Bihar declares this day as a public holiday, which applies to all companies, offices and schools under the jurisdiction of the state and central government.

12. March 26 (Fourth Saturday of the month) - Weekend Bank Holiday

All the banks in the country remain closed on the fourth Saturday of the month on 26 March 2022.

12. March 27 (Sunday) - Weekend Bank Holiday

Banks across the country will be closed on their weekly off on Sunday, 27 March 2022.

On the RBI rules, there are three categorized holidays and they are as follows:

1. Holiday under Negotiable Instruments Act

2. Holiday under the Negotiable Instruments Act and Real-Time Gross Settlement Holiday

3. Banks Closing of Accounts

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