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.
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 | |
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 |
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]
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.
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.
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.
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.
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.