Bank Holiday in These States Today, Mar 27: Banks Closed in Several Cities on Ram Navami

Several public and private sector banks across India are closed today, March 27, on the occasion of Ram Navami in select states. 

The holiday applies to specific cities where the festival is officially observed under the bank holiday schedule. While many regions celebrated Ram Navami on March 26, some states continue the festivities on March 27, leading to a bank holiday in those locations.

Banks in cities such as Bhopal, Bhubaneswar, Gangtok, Hyderabad, Patna, and Vijayawada are closed today due to the Ram Navami observance. 

However, banking services in other cities continue as usual since bank holidays in India vary by region depending on local festivals and state-level observances.

RBI Bank Holiday Calendar

The bank holiday schedule across India is determined by the Reserve Bank of India at the beginning of each year. All banks operating in the country follow this calendar, which specifies holidays under various categories such as the Negotiable Instruments Act, Real-Time Gross Settlement holidays, and banks’ closing of accounts.

Ram Navami is among the festivals that lead to regional bank holidays, depending on the state where it is widely observed. As a result, banks may remain closed in certain states while remaining open in others on the same day.

Ram Navami Observed Over Two Days

This year, Ram Navami celebrations in India are being observed across two days, March 26 and March 27. Because of this, bank holidays linked to the festival have been scheduled on both dates in different regions.

On March 26, banks were closed in several cities including Ahmedabad, Aizawl, Belapur, Chandigarh, Dehradun, Jaipur, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, and Shimla. The staggered observance reflects regional festival traditions across the country.

Upcoming Bank Holidays

Following the Ram Navami holidays, the next bank holiday will fall on March 28 due to the second or fourth Saturday weekly closure, depending on the calendar cycle. Banks will also remain closed on March 29 for the Sunday weekly holiday. After that, there are no additional bank holidays scheduled for the remainder of March.

Apart from festival holidays, banks across India remain closed on all Sundays and the second and fourth Saturdays of every month, as per RBI norms, while the first, third, and fifth Saturdays remain working days.

Conclusion

Bank holidays in India often vary across states due to regional festivals and local observances. On March 27, banks are closed in select cities celebrating Ram Navami, while operations continue normally in other regions. Customers are advised to check the RBI holiday schedule or confirm with their local bank branch before planning in-person banking transactions.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a private 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.