Good Friday holds immense significance in the Christian calendar, prompting reflection on the sacrifice of Jesus Christ. As per the Reserve Bank of India’s (RBI) calendar, banks across India will be closed on this day, falling on Friday, March 29.
National Status of Good Friday
While Good Friday isn’t a national holiday in India, it’s a day for commemorating the final hours of Jesus Christ’s life. India recognizes only three national holidays: Republic Day, Independence Day, and Gandhi Jayanti.
Banking Operations
With the exception of a few states, banks will remain closed on Good Friday, per the RBI calendar. However, online banking services and ATMs will operate as usual.
March Bank Holidays Overview
March 2024 hosts a total of 14 bank holidays, including public, regional, and regular closures on Saturdays and Sundays.
Special Attention on March 31
Given its significance as the end of the financial year, March 31 is typically observed as a day for closing accounts by RBI. However, this year, designated branches of agency banks will remain open as part of special measures for the financial year end, aimed at providing greater convenience to taxpayers.
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