Weekend Banking Update: March 14 Holiday Under RBI Schedule

Nationwide Closure Under RBI Rules  
The RBI mandates that banks remain closed on the second and fourth Saturdays each month. This applies uniformly across major banks such as SBI, PNB, ICICI Bank, HDFC Bank, and Axis Bank. Customers relying on in-branch services like deposits, withdrawals, or loan processing will need to wait until Monday, March 16.  

Digital Banking Services Active  
Despite branch closures, digital channels including net banking, UPI, and mobile apps remain fully functional. Customers can carry out fund transfers, bill payments, and other transactions seamlessly, ensuring minimal inconvenience during the holiday.  

State-Specific Holidays In March  
Beyond the nationwide Saturday closure, the RBI calendar lists additional regional holidays this month. For instance, Shab-e-Qadr on March 17 will affect banking operations in Jammu and Srinagar, while other local festivals may impact services in select states.  

Key Highlights  

• Banks closed today, March 14, for second Saturday  
• Applies to all public and private banks nationwide  
• Digital banking services remain unaffected  
• Next working day is Monday, March 16  
• Additional state-specific holidays listed in RBI calendar  

Sources: Reserve Bank of India, Mint, Economic Times, News18