Banks Closed Across Maharashtra, Goa, Karnataka On March 19 For Gudi Padwa

Banks across Maharashtra will remain closed on Thursday, March 19, 2026, in observance of the festival of Gudi Padwa, the Reserve Bank of India (RBI) announced. The holiday coincides with several regional New Year celebrations, including Ugadi, Telugu New Year, Cheiraoba, and the first day of Navratri, prompting closures in multiple states.

Apart from Maharashtra, banks will also be closed in Karnataka, Tamil Nadu, Telangana, Manipur, Jammu and Kashmir, Goa, and Andhra Pradesh. The RBI’s official holiday list specifies that scheduled bank branches will suspend operations on this day, while digital banking services such as internet banking, mobile banking, and ATMs will remain accessible for essential transactions like cash withdrawals, NEFT, RTGS, UPI payments, and account management.

Gudi Padwa marks the beginning of the new year for Marathi and Konkani Hindus and is celebrated with traditional rituals, feasts, and the hoisting of the Gudi flag. Public institutions, including schools, colleges, post offices, and government offices, will also remain closed, allowing families and communities to participate fully in the festivities.

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The RBI aligns bank holidays with the Negotiable Instruments Act, 1881, which governs the observance of account-closing days and other official banking breaks. While scheduled holidays like Gudi Padwa affect regional operations, banks are generally open on the first and third Saturdays of the month, as well as the fifth Saturday when applicable, with the second and fourth Saturdays designated as bank holidays.

Looking ahead, additional regional and religious holidays in March 2026 will also affect banking services. These include Eid-ul-Fitr and Jumat-ul-Vida on March 20 in Jammu and Kashmir, Kerala, and Andhra Pradesh; Khutub-E-Ramzan on March 21 in most of India; Shree Ram Navami on March 26 and 27 in various states; and Mahavir Janmakalyanak on March 31 across several states including Maharashtra, Gujarat, Karnataka, and Tamil Nadu. Customers are advised to plan their banking needs accordingly during these periods.

The RBI emphasizes that even during official closures, essential financial services remain accessible through digital platforms, ensuring continuity in transactions while allowing employees and customers to observe cultural and regional festivities.

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