In observance of Good Friday, stock exchanges such as the NSE and BSE as well as commodity markets (MCX, NCDEX) will be closed on Friday, March 29.
In the Christian calendar, Great Friday is a noteworthy day. It is a time when followers all throughout the world reflect on the great sacrifice made by Jesus Christ, who devoted his life in order to save humanity.
In several Indian cities, the day is also commemorated as a holiday. In addition, the Reserve Bank of India's (RBI) schedule states that banks are closed on Good Friday. Good Friday is observed on Friday, March 29 this year.
Does India observe Good Friday as a national holiday?
The purpose of Good Friday is to honour the last few hours of Jesus Christ's life. However, in India, it is not a national holiday. In the country, there are just three national holidays: Gandhi Jayanti on October 2, Independence Day on August 15, and Republic Day on January 26.
Was Good Friday a closed bank day?
March has seen a lot of festivities, which have caused banks to close in a lot of places. In accordance with the RBI timetable, banks will be closed on Great Friday in all states except than Tripura, Assam, Rajasthan, and Himachal Pradesh.
ATMs and internet banking will remain operational even while physical bank branches will be closed. Holidays are categorised by RBI under Negotiable Instruments.
Act, Holidays for Real Time Gross Settlement, and Bank Account Closing. Good Friday is included in the first group.
March bank holidays
There are fourteen bank holidays in the country in March 2024. These include public holidays, local holidays, and customary closings on all Sundays and the second and fourth Saturdays.
Other bank holidays are Chapchar Kut on March 1, Mahashivratri on March 8, and Holi on March 25. Like Bihar, certain other states observed state-specific holidays, such as Yaosang second day/Holi on March 26 and 27, and Bihar Diwas on March 22.
Will March 31st be a bank holiday?
The RBI considers the last day of March, which marks the conclusion of the fiscal year, to be the closing of accounts. Banks are closed on that day as a result. In any case
As part of "special measures for the current financial year," the central bank has declared that all designated agency bank branches will remain open on Saturday and Sunday, March 31.
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