Financial institution vacation at this time: Banks will stay closed on Saturday, March 22, 2024, in response to the Reserve Financial institution of India (RBI) calendar. Sometimes, banks are open on the primary and third Saturdays of each month, however they continue to be closed on the second and fourth Saturdays. Since March 22 is the fourth Saturday of the month, the banks might be shut on this present day.
Along with Saturday, RBI has notified a financial institution vacation in Patna on Saturday, March 22, on account of Bihar Diwas.
Varieties of financial institution holidays
The RBI categorises financial institution holidays into three sorts — Negotiable Devices Act, Actual-Time Gross Settlement (RTGS) holidays and banks’ closing of accounts.
The place to examine financial institution holidays?
Clients can get info on financial institution holidays by way of official channels of the central financial institution — web site and notifications to banks.
Providers not accessible on financial institution vacation
The fourth Saturday of the month is designated as a vacation below the Negotiable Devices Act, which regulates the issuing of cheques and promissory notes. Transactions involving these devices is not going to be accessible through the holidays.
Are on-line providers accessible on a financial institution vacation?
Clients should observe on-line banking providers might be accessible throughout the nation throughout bank holidays for seamless entry to banking providers. Clients can use these providers for handy monetary transactions.
Fund switch requests may be made utilizing NEFT/RTGS switch kinds, demand draft request kinds, and chequebook kinds. Credit cards, debit playing cards, and ATM playing cards may be availed by way of card providers. Providers reminiscent of account upkeep kinds, organising standing directions, and making use of for a locker are additionally accessible.
Financial institution holidays in March
Banks will stay closed for as much as eight days in March, besides on the second and fourth Saturdays and Sundays.
Based on the financial institution vacation calendar RBI, banks are scheduled to stay closed on March 7, 13, 14, 15, 22, 27, 28 and 31. Banks are usually closed because of nationwide and regional festivals together with the weekends. In March, banks might be closed on account of festivals reminiscent of Chapchar Kut, Holika Dahan/ Attukal Pongala, Holi, Yaosang, Bihar Diwas, Shab-I-Qadr, Jumat-ul-Vida and Ramzan-Id (Id-Ul-Fitr).
