Bank Holidays in March 2025: Is March 31 a Bank Holiday?

As March 2025 nears its end, banks in India will observe holidays for up to three days, as per the Reserve Bank of India’s (RBI) annual holiday calendar. However, bank closures vary by state due to regional festivals, religious observances, and other scheduled holidays.

Bank Holidays in March 2025 as Per RBI’s Official Calendar

The Reserve Bank of India categorises bank holidays under the Negotiable Instruments Act, 1881, which regulates financial transactions involving cheques, promissory notes, and other negotiable instruments. 

During bank holidays, physical banking services, including branch transactions and cheque clearances, will be unavailable. However, online banking, ATMs, and mobile banking will remain operational.

The RBI initially listed March 31 as a bank holiday, but this was later revoked since it marks the last day of the financial year 2024-25. To ensure smooth financial transactions and prevent last-minute delays in filings or payments, banks will remain open on March 31.

RBI stated, “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, 2025 (Monday-Public Holiday) so as to account for all the Government transactions relating to receipts and payments in the Financial Year 2024-25 itself. Accordingly, Agency Banks are advised to keep all their branches dealing with government business open on March 31, 2025 (Monday).”

Additionally, banks in Jammu and Kashmir will experience extended holidays due to regional celebrations like Shab-I-Qadr (March 27), Jumat-ul-Vida (March 28), and Ramzan Eid (March 31).

Complete List of Bank Holidays in March 2025

Conclusion

Since March 29 is the fifth Saturday of the month, banks will remain open, as banks typically close only on the second and fourth Saturdays. Customers should check with their respective bank branches to confirm regional holidays and make any necessary transactions in advance to avoid delays.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.