Today marks Mahavir Jayanti, a major holiday in India celebrating the birth of Lord Mahavir. Banks and stock markets are closed in observance.
What holiday is today? In India, many are observing Mahavir Jayanti, a significant day that celebrates the birth of Lord Mahavir, the 24th and last Tirthankara of Jainism. This year, the holiday falls on March 31, 2026, and it is marked by the closure of banks and stock markets across the country.
Banks in several parts of India will remain closed today, affecting major cities such as Ahmedabad, Mumbai, New Delhi, and Kolkata. This closure is part of a broader trend, as March has a total of 18 bank holidays, with Mahavir Jayanti being the final holiday of the month.
Specifically, banks will be shut in cities including Belapur, Chennai, Jaipur, Kanpur, Lucknow, Nagpur, Patna, Raipur, and Ranchi. The Reserve Bank of India has confirmed these closures, highlighting the importance of this day for the Jain community.
In addition to banks, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will also remain closed today in observance of Shri Mahavir Jayanti. Trading in equities and derivatives will not take place, marking the first of two market holidays scheduled for this week.
While the commodity derivatives segment will be closed during the morning session, it is set to reopen in the evening. This means that while trading is halted for the day, there will still be opportunities for trading later on.
Today’s celebrations mark the 2624th birth anniversary of Lord Mahavir, a figure revered for his teachings on peace, self-discipline, and righteousness. Jain communities worldwide are set to celebrate this significant occasion with various rituals and festivities.
Following Mahavir Jayanti, the next bank holiday will occur on April 1, when banks will close for the purpose of closing yearly accounts. This transition into the new month will bring a return to regular banking operations.
As the day unfolds, many will reflect on the teachings of Lord Mahavir, which continue to inspire followers to lead lives rooted in ethical principles. The observance of this holiday serves as a reminder of the rich cultural heritage and traditions that shape India.
Details remain unconfirmed regarding any specific events or celebrations planned for today, but the significance of Mahavir Jayanti is felt across the nation.
