Mahavir Jayanti 2026: RBI Confirms City-Wise Bank Holiday List For March 31

Mahavir Jayanti, commemorating the birth of Lord Mahavir, the 24th Tirthankara of Jainism, is being celebrated nationwide. While banks remain closed in several cities, operations continue in others, reflecting regional variations in holiday observance. Customers are advised to check local schedules and rely on digital services for urgent transactions.

City-Wise Closures
According to the RBI holiday calendar, banks are closed today in Ahmedabad, Belapur, Bhopal, Chennai, Dehradun, Hyderabad, Jaipur, Kanpur, Lucknow, Mumbai, Nagpur, Ranchi, and Shimla. In other cities, branches remain open but are expected to handle high volumes due to financial year-end settlements.

Religious And Financial Significance
Mahavir Jayanti is one of Jainism’s most important festivals, marked by temple visits, prayers, charitable acts, and community processions. For the financial sector, the overlap with March 31 underscores the importance of digital channels to ensure uninterrupted access to services during year-end tax and compliance deadlines.

Key Highlights

• Banks closed in cities including Ahmedabad, Belapur, Bhopal, Chennai, Mumbai, and more
• Holiday coincides with financial year-end settlements
• Digital banking services remain fully operational nationwide
• Observed under RBI’s Negotiable Instruments Act
• Festival holds deep religious significance for Jain community

Sources: Business Today, India Today, The Indian Express