Bank Holidays in March 2023

By : Neha Dhyani

Updated : Oct 29, 2022, 9:39

Bank holidays in March 2023 include Holi, Shaheed Bhagat Singh, Martyrdom Day, Sarhul, Ram Navmi, etc. March is the third month of the Georgian Calendar and the last month of the Financial Year. The government of India has scheduled some fixed Bank Holidays in March. Besides those, Second Saturday and Fourth Saturday are always bank holidays in every month.

There are a total of two national bank holidays in the month of March. Check out all the bank holidays in March here, along with details about the most important festivals.

Holidays in March 2023

Before we share the list of bank holidays in March, you must get familiar with all the holidays in this month. Find the detailed list of all March holidays along with the states that they are observed in here:

Date & Day

Bank Holiday

Observed In

5th March, Sunday

Panchayatiraj Divas

OR

7th March, Tuesday

Holi

TG

7th March, Tuesday

Yaosang

MN

8th March, Wednesday

Holi

National except for KA, KL, LD, MN,

PY, TN, TG & WB

8th March, Wednesday

Doljatra

WB

8th March, Wednesday

Yaosang 2nd Day

MN

22nd March, Wednesday

Bihar Day

BR

22nd March, Wednesday

Gudi Padwa

MH & MP

22nd March, Wednesday

Telugu New Year

TN

22nd March, Wednesday

Ugadi

AP, DD, DN, GA, GJ, JK,

KA, RJ & TG

23rd March, Thursday

S. Bhagat Singh's Martyrdom Day

HR

24th March, Friday

Sarhul

JH

26th March, Sunday

Yaosang 2nd Day

MN

30th March, Thursday

Ram Navami

National except for AR, AS, GA, JH,

KA, KL, LD, MN, ML, MZ,

NL, PY, TN, TR & WB

Bank Holidays in March 2023

This year in March, there are only limited national and regional holidays. The list of bank holidays in March is given here.

Date & Day

Bank Holiday 2023

Observed In

8th March, Wednesday

Holi

Nationwide

11th March, Saturday

Second Saturday

Nationwide

22nd March, Wednesday

Bihar Divas

Bihar

25th March, Saturday

Fourth Saturday

Nationwide

30th March, Thursday

Ram Navmi

Nationwide

Important Bank Holiday in March 2023

Here is a list of some of the most important March holidays 2023:

Doljatra (8th March)

Doljatra often spelled Dolyatra, is a regional Bank Holiday in March that is celebrated in West Bengal, India. In Assam and Odisha, it is known as Dol Purnima. It is celebrated on the same day as Holi, the Hindu calendar's last full moon, and is also known as the "Festival of Colors." It is distinct from Holi in that it occurs at the conclusion of the Bengali calendar year and is based on a different narrative than Holi.

Holi (8th March)

Holi, the Hindu "festival of colors," is observed on the last full moon of the Hindu calendar. Generally, it is celebrated in early March each year. On this day, there is a nationwide Bank Holiday in March for this festival.

Bihar Divas (22nd March)

On 22nd March, the Indian state of Bihar observes Bihar Divas (Bihar Day). Bihar was created by the Bengal Presidency of British India on 22nd March 1912. On the 28th and 29th of March 2022, a two-day countrywide strike was announced in opposition to the government's plan to privatize public sector banks and the Banking Laws Amendment Bill 2021.

They also demanded a rise in deposit interest rates and a reduction in service fees. Due to the countrywide strike, there was no banking activity on these days, and they were counted as bank Holiday in March.

Bhagat Singh's Martyrdom Day (23rd March)

Shaheed Bhagat Singh Martyrdom Day is observed in the Indian state of Haryana to commemorate the brave revolutionary, Bhagat Singh, who sacrificed his life for the nation. In his honor, some of the state banks remain closed on this day.

Sarhul (24th March)

Celebrated in the state of Jharkhand, the Sarhul festival marks the arrival of spring. The celebrations for this festival last for three days, during which the devotees dance, holding the Sal flowers. On this day, the priest also offers liquor, a rooster, vermilion, fruit, and flowers to the Sun to ask for good fortune in return. This day is observed as a regional bank holiday in March.

Ram Navmi (30th March)

Ram Navmi is an occasion that celebrates the birth of the Hindu god, Ram. Since this is an important holiday, government employees across the country get an optional off on this day. This day is celebrated in a grand manner in the city of Ayodhya, the birthplace of Ram.

To celebrate this day, people take a dip in the holy river of Sarayu and visit their local Ram temple to pray to god. This day is observed as a bank holiday in March.

Check List of Bank Holidays in 2022 [January to December]

FAQs on Bank Holidays in March

Q1. How many national bank holidays in March are there?

There are only two national bank holidays in March this year: 8th March 2023 (Holi) and 30th March 2023 (Ram Navmi). Both these are Hindu festivals and are celebrated with much enthusiasm across the nation, and all banks will remain closed this month.

Q2. Is there a bank holiday on Holi?

Yes, there will be a bank holiday on Holi for all public and private sector banks. Holi is an important festival for Hindus and, therefore, is always observed as a bank holiday in March. This year, Holi will be celebrated on 8th March.

Q3. Where can I find the bank holiday in March 2023 list?

You can find the list of bank holidays in March 2023 here. Find the complete holidays list in March, along with details about the days on which the banks will remain closed in this month. In addition to this, details about the holidays that will be observed in this month are also provided here.

Q4. Is there a bank holiday on Ram Navmi?

Yes, Ram Navmi is a national holiday, and on this day, all public and private sector banks remain closed in most Indian states. This year, Ram Navmi will be celebrated on 30th March. Needless to say, this day will be a bank holiday in March for all banks.

Q5. Is Bihar Divas a bank holiday in March?

Yes, Bihar Divas is a bank holiday in March. It is celebrated on 22nd March each year. However, this day is observed only in the state of Bihar in India. So, being a regional holiday, only the banks in Bihar remain closed on this day.