Banks to remain closed for 11 days in March, check details here

New Delhi: The Reserve Bank of India (RBI) has mentioned some days when the banking operations will remain closed in March.

According to the calendar issued by RBI, a total of 11 days in March, including Holi and Mahashivaratri, will be holiday for banks. Among these holidays, banks will be closed on 5 March, 11 March, 22 March, 29 March and 30 March. Apart from this, banks will also remain closed on four Sundays and two Saturdays as well. That is, there will be no work in banks for a total of 11 days.

List of bank holidays

March 5: Holiday in Mizoram to celebrate Chapcher Kut

March 11: Mahashivratri

March 22: Bihar Day

March 13: Second Saturday

March 27: Fourth Saturday

March 29 and 30, 2021: Holi

Apart from this, the United Forum of Bank Unions (UFBU), an umbrella body of nine unions, on Tuesday, gave a call for a two-day strike from March 15 to protest against the proposed privatisation of two state-owned lenders. Thus, banks may remain closed.

Union Finance Minister Nirmala Sitharaman’s announcement in the Budget 2021 had raised concerns among public sector bank employees and unions. In her speech, she said that the government is looking to divest non-strategic, state-run firms, considering that they are outside the strategic ambit. In her budget speech, Sitharaman said, “the government plans to privatise two state-run banks, besides IDBI Bank, and a general insurance company in FY22.”