Bank Holiday, March 31: Banks, schools, colleges, and government institutions will be closed in many states across the country on March 31, marking Mahavir Jayanti. This is a major Jain festival, commemorating the birth anniversary of Lord Mahavira.
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Bank Holiday 31 March: Banks, schools, colleges, and government institutions will be closed in many states across the country today, March 31, on the occasion of Mahavir Jayanti. This is a major Jain festival, celebrated as the birth anniversary of Lord Mahavir. On this day, people remember his path of non-violence and truth through worship, processions, and charity.
Banks will remain closed in these states
According to the RBI holiday calendar, banking services will be closed in Gujarat, Karnataka, Madhya Pradesh, Tamil Nadu, Rajasthan, Uttar Pradesh, West Bengal, Maharashtra, Delhi, Bihar, Jharkhand, and Chhattisgarh.
Digital services will remain operational
Although bank branches will be closed, customers will not face significant disruption. Services such as UPI, mobile banking, internet banking, and ATMs will continue to function normally. However, check clearing, cash deposits, and other offline transactions will not be possible on these days.
A number of days will be affected in April as well
Banks will be closed for several days in April as well. Banks will be closed on April 1st for annual account closing, April 3rd for Good Friday, and April 14th for Ambedkar Jayanti. In addition, there will be holidays in various states for Bihu, Vishu, and other festivals. As in every month, banks will be closed on the second and fourth Saturdays, as well as all Sundays, impacting banking services for several days.
Stock Markets Closed on March 31st
Both the NSE and BSE exchanges will be closed today, March 31st. There will be no trading in the stock market on Tuesday. Trading in equity, derivatives, and all other segments will be completely suspended.
