Bank Holiday this week: There will be no trading in the share market from this Friday to Sunday. Whereas, banks will remain open across the country on this Saturday, March 30 and Sunday, March 31. However, there is a bank holiday on Friday, March 29 on the occasion of Good Friday.
Bank Holiday: Banks will remain open across the country this Saturday and Sunday. However, there is a bank holiday on Friday, March 29 on the occasion of Good Friday. On the other hand, there will be no trading in the stock market from this Friday to Sunday. The market remains closed on Saturday and Sunday.
In fact, the Reserve Bank has ordered to keep all bank branches open on March 30 and 31 for the convenience of taxpayers. Recently, RBI has said in a statement that electronic transactions can be done till the stipulated time even after March 30 and March 31 being Saturday and Sunday.
According to RBI, any transaction through the national NIFT and RTGS system will continue till 12 midnight on March 31, 2024. Necessary arrangements have also been made to conduct clearing operations to facilitate government receipts and payments, it said.
There will be special clearing for government checks in these two days on March 30 and 31, 2024. The reporting window of March 31 in respect of reporting of transactions by the Central and State Governments to the RBI will remain open till 12 noon on April 1, 2024.
When will banks remain closed in April?
Banks across India in April will remain closed on the occasion of various festivals including Gudi Padwa, Eid-ul-Fitr, Bohag Bihu, Ram Navami, Baisakhi and others. Let us tell you that the total number of holidays remains equal in the entire country. Some specific holidays may differ depending on the state or region.
Banks will remain closed on these occasions
1 April: Banks closed for closing of annual accounts.
5 April: Birthday of Babu Jagjivan Ram/Jumaat-ul-Vida
9 April: Gudi Padwa/Ugadi Festival/Telugu New Year Day/Sajibu Nongmapanba (Cheiraoba)/First Navratri
10 April: Ramzan-Eid (Eid-ul-Fitr) 11 April: Ramzan-Eid (Eid-ul-Fitr)
13 April: Bohag Bihu/Cheiraoba/Baisakhi/Biju Festival
15 April: Bohag Bihu/Himachal Day 17 April: Shri Ram Navami (Chaite Dasain)
20 April: Garia Puja
Apart from the listed holidays, banks will also remain closed on weekends as per holidays under Negotiable Instruments Act. these days are like this
April 7: Sunday
13 April: Second Saturday (Bohag Bihu/Cheiraoba/Baisakhi/Biju Festival) 14 April: Sunday
April 21: Sunday
April 27: Fourth Saturday
April 28: Sunday
