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IN PICS! Check out bank holidays in March 2021, banks to remain shut for 11 days

By Lokmat English Desk | Updated: February 24, 2021 17:15 IST

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The Reserve Bank of India (RBI) has listed out the days in March when banks will remain shut. As per the calendar issued by the apex bank, banks will be closed for 11 days of the month.
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RBI puts its holiday list under three brackets - Real Time Gross Settlement Holiday, Holiday under Negotiable Instruments Act, and Banks' Closing of Accounts.
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However, bank holidays vary in several states, depending on festivals being observed in respective states or notification of certain occasions in those states.
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Bank holidays are also not observed by all banking companies. Holidays of the mentioned days will be observed in several regions as per the state declared holidays, however for the gazetted holidays, banks will be shut all over the country.
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March 5: Chapchar Kut on March 5. All banks in Aizawl (Aizawl-Mizoram's capital) will be closed on this day.
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March 11 is Mahashivratri. Banks in many states of the country will be closed on this day.
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March 13: Banks will have a holiday as it is the second Saturday in March.
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March 14: As it is a Sunday, banks will have a weekly holiday.
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March 15: Some bank unions have called a strike on Monday, March 15. So the banks will be closed.
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March 21: Banks will have a weekly holiday as it is a Sunday.
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March 22 is Bihar Day. Therefore, banks will be closed in Bihar.
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March 27: Banks across the country will be closed on March 27 as it is the fourth Saturday of the month.
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March 28: Banks will have a weekly holiday as March 28 is a Sunday.
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March 29 and 30: March 29 and 30 will be bank holidays for Holi.
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