All banks in India will stay closed for 3 days in a row in the course of March 27-29, such as the two-day weekend and the Holi festival. Also, bank services will stay suspended on March 31, 2021, on account of the final day of the monetary year. And then on 1st, 2nd and 4th April 2021 due to banks’ closing of accounts, Good Friday and Sunday. Hence, persons can total their bank-associated work only on two days — March 30 (Tuesday) and April 3 (Saturday). The list of holidays provided under has been notified by RBI beneath the Negotiable Instruments Act.
National Holidays
27 March 2021- Fourth Saturday
28 March 2021- Weekly off (Sunday)
29 March 2021- Holi (second day)
31 March 2021- Financial year 2021 closing
01 April 2021- To allow banks to close their yearly accounts
02 April 2021- Good Friday
04 April 2021- Weekly off (Sunday)
Banks to stay open on Holi and Good Friday in these states
According to the Reserve Bank of India (RBI), these holidays could differ from state to state and be various in numerous banks. Banks will not be closed on March 29, 2021 (Holi), in states such as Agartala, Aizawl, Bengaluru, Chennai, Guwahati, Jammu, Kochi, Kolkata, Srinagar and Thiruvananthapuram. While Banks in Patna will stay shut on March 30, 2021, on account of Holi, according to RBI. All more than India, only states like Aizawl and Shillong will stay functional on April 1, 2021. The vacation on April 2, 2021, will not be observed in banks across Agartala, Ahmedabad, Chandigarh, Guwahati, Jaipur, Jammu. Shimla, and Srinagar.
On March 15-16, bank branches remained closed immediately after the United Forum of Bank Unions (UFBU), an umbrella body of nine unions, named a two-day strike. The protest was named against the proposed privatisation of two state-owned banks. During Union Budget 2021 speech, Finance Minister Nirmala Sitharaman announced the privatisation of two public sector banks (PSBs) as element of a disinvestment strategy to create Rs 1.75 lakh crore. About 10 lakh bank workers and officers of the banks participated in this two-day strike.