Bank holiday today: As March comes to a close, several banks across India are observing a holiday today on the occasion of Mahavir Jayanti.Customers planning visits to bank branches are advised to check the holiday schedule in advance to avoid inconvenience.
States observing bank holiday
Banks are closed today in the following states: Gujarat, Maharashtra, Tamil Nadu, Rajasthan, Uttar Pradesh, West Bengal, New Delhi, Bihar, Chhattisgarh, Jharkhand.
Are all banks closed today?
While the holiday is observed in many states, the Reserve Bank of India (RBI) has directed all agency banks (branches handling government receipts and payments) to remain open on March 31. These branches will process transactions related to the financial year-end, including government revenue, payments and settlements for FY 2025-26.RBI in a statement said: “The Government of India has made a request to keep all branches of the banks dealing with government receipts and payments open for transactions on March 31, 2026 (Tuesday-public holiday) so as to account for all the government transactions relating to receipts and payments in the Financial Year 2025-26 itself. Accordingly, agency banks are advised to keep all their branches dealing with government business open on March 31, 2026 (Tuesday).”
Digital banking services
Customers can continue to use online and mobile banking for transactions such as fund transfers and tax payments. However, it is recommended to check with individual banks for any specific instructions.
What are agency banks?
Agency banks are appointed under Section 45 of the RBI Act to conduct government transactions. Currently, all public sector banks and select private sector banks act as agents of the RBI. Only designated branches of these banks can carry out government-related banking business.
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Customers visiting banks today should remember that non-agency branches may remain closed and agency banks may conduct only government-related transactions.
