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Are Banks In India Open On April 1, 2022?


As the current fiscal year draws to a close and the new fiscal year 2023 commences from April 1, 2022- banks usually as per the RBI guidelines observe a holiday on the first day i.e. April 1 in lieu of the Yearly closing of Bank Account.

Are Banks In India Open On April 1, 2022?

Likewise, as per the RBI holiday list, banks in most of the places barring Chandigarh, Meghalaya, HP and Mizoram, will observe a holiday on April 1, 2022.

As per the guidelines, all agency bank government transactions in a fiscal year are to be accounted for within the same financial year.

Then on April 2, 2022 banks will observe a holiday on account of Gudi Padwa, Ugadi Festival, 1st Navratra, Telugu New Year's Day in the state of Karnataka, Maharashtra, Tamil Nadu, Telangana, Manipur, Jammu, Goa, and Jammu and Kashmir.

Holiday Description Table

Holiday DescriptionDay
Yearly Closing of Bank Account1
Gudi Padwa/Ugadi Festival/1st Navratra/Telugu New Year's Day2
Babu Jagjivan Ram's Birthday5
Dr. Babasaheb Ambedkar Jayanti/Mahavir Jayanti/Baisakhi/Vaisakhi/Tamil New Year's Day/Cheiraoba/Biju Festival/Bohag Bihu14
Good Friday/Bengali New Year's Day (Nababarsha)/Himachal Day/Vishu15
Bohag Bihu16
Garia Puja21

Read more about: bank holidays
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