A new fiscal year begins on April 1st, bringing with it a slew of additional duties as well as the prospect of several vacations. For those who still rely on physical visits to banks, we've compiled a list of days in April 2022 when bank branches will be closed for the general public.
This year in April, there are 9 bank holidays, both regional and national. Starting April 1, which is the Yearly Closing of Bank Accounts, there are at least 2 long weekends during the month, with most, if not all, branches remaining closed during the day. Since April 1 is coming on Friday which effectively means banks will be closed for the first 3 days in April.
Gudi Padwa will be celebrated on April 2 in Maharashtra, and the Ugadi Festival will be celebrated in Karnataka, Telangana, and Andhra Pradesh. Depending on where you live, the day will be known as the 1st Navratra, Telugu New Year's Day, and Sajibu Nongmapanba (Cheiraoba). According to the RBI's schedule of holidays 2022, state-owned lenders in Belapur, Bengaluru, Chennai, Hyderabad, Imphal, Jammu, Mumbai, Nagpur, Panaji, and Srinagar will be closed on April 1.
The first Saturday of the month is April 2.
The second week of the month will be truncated by bank holidays on April 14 and 15, followed by the weekend. In different regions, April 14 will be observed as Dr. Babasaheb Ambedkar Jayanti/Mahavir Jayanti/Baisakhi/Vaisakhi/Tamil New Year's Day/Cheiraoba/Biju Festival/Bohag Bihu, while April 15 will be observed as Good Friday/Bengali New Year's Day (Nababarsha)/Himachal Day/Vishu/Bohag Bihu.
It is to be noted, however, except for a few days, a majority of these holidays are only applicable to a hand full of cities and states at a time. As per RBI guidelines, the public sector, private sector, foreign banks, cooperative banks, and regional banks across the country will stay shut on the mentioned dates.
The RBI categorizes holidays into three categories: state-specific celebrations, religious holidays, and festival celebrations. The RBI declared bank holidays in the following categories: the Negotiable Instruments Act, Holiday, Real Time Gross Settlement Holiday, and Banks’ Closing of Accounts.
