If you’re wondering whether banks are open today, March 15, 2024, here’s what you need to know. According to the Reserve Bank of India (RBI) calendar, all banks across India will remain open on this day.
Banking Operations on March 15
Banks in India follow a pattern where they remain open on the first and third Saturdays of each month, while they are closed on the second and fourth Saturdays. Since March 15 is the third Saturday, banks will operate as usual across the country.
Types of Bank Holidays
The RBI categorizes bank holidays into three types:
- Negotiable Instruments Act Holidays (includes cheque processing and financial transactions)
- RTGS (Real-Time Gross Settlement) Holidays
- Bank Account Closing Days
To verify whether a bank is open on a particular day, customers can check official RBI notifications or visit the bank’s website.
Banking Services on Holidays
While physical banking services remain closed on designated bank holidays, customers can still use:
- Online and mobile banking for fund transfers and bill payments
- ATM, debit, and credit card services for cash withdrawals and payments
- NEFT/RTGS transactions via online banking or request forms
However, on second and fourth Saturdays, cheque clearance and promissory note transactions will not be processed under the Negotiable Instruments Act.
March 2024 Bank Holiday List
Banks will remain closed for eight days in March 2024, excluding weekends. The closure dates are:
- March 7, 13, 14, 15, 22, 27, 28, and 31
These holidays include national and regional festivals like Chapchar Kut, Holika Dahan, Holi, Yaosang, Bihar Diwas, Shab-I-Qadr, Jumat-ul-Vida, and Ramzan-Id (Eid-Ul-Fitr).
For the latest updates on banking holidays, customers are advised to check official RBI notifications and their respective bank’s website.
