Will Banks Be Closed On Good Friday? Know Details

An extremely important day in the Christian calendar is Good Friday. It is a moment for Christians to ponder the great sacrifice made by Jesus Christ, who voluntarily offered his life in order to save humanity. In several Indian cities, holiday is observed on this day. According to the Reserve Bank of India’s (RBI) calendar, banks are closed on Good Friday as well. Good Friday will be observed on Friday, March 29 this year.

We remember the last hours of Jesus Christ’s life on Good Friday. In India, though, it is not a national holiday. The nation observes just three national holidays: Gandhi Jayanti on October 2, Independence Day on August 15, and Republic Day on January 26.

Banks were closed in March due to the numerous celebrations that took place during the month. On Good Friday, banks will be closed in every state leaving Tripura, Assam, Rajasthan, Jammu & Kashmir, and Himachal Pradesh, according the RBI schedule.

ATMs and internet banking will continue to function normally even if bank will be closed.

The RBI classifies holidays in accordance with the Real Time Gross Settlement Holidays, Bank Closing of Accounts, and Negotiable Instruments Act. Good Friday is included in the first group.

There are fourteen bank holidays in India in March 2024. These include regular closures on the second and fourth Saturdays as well as all Sundays, as well as public holidays and regional holidays.

Other bank holidays are Chapchar Kut on March 1, Mahashivratri on March 8, and Holi on March 25. Certain states, including Bihar, had state-specific holidays, notably Yaosang second day/Holi on March 26 and 27, and Bihar Diwas on March 22.

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