If you’re planning to visit the bank this week, you may want to check the holiday list first.
Banks in several states will remain closed for multiple days, and this could affect your work.
These holidays are based on the guidelines issued by the Reserve Bank of India (RBI), which decides when banks remain shut across different regions.
Why Do Banks Close? Understanding RBI Categories
The RBI divides bank holidays into three main categories:
Holidays under the Negotiable Instruments Act
On these government-declared holidays, banks remain completely closed.
Festivals like Holi, Diwali, Christmas, Ganesh Chaturthi and Eid fall under this category.
Cheque clearing and branch services are affected on these days.
RTGS Holidays
These holidays vary from state to state, depending on local festivals and traditions.
Bank branches stay closed, but digital banking services continue to work.
However, Real-Time Gross Settlement (RTGS) transactions are not processed at branches.
Annual Account Closing Day (April 1)
April 1 marks the start of the new financial year.
While banks may remain open, staff are usually busy closing previous year accounts.
Customer services at counters may be limited.
State-Wise Bank Closures This Week
Here’s when banks will be closed in specific states:
February 18 – Banks closed in Sikkim for the Losar festival (Tibetan New Year). Open in the rest of India.
February 19 – Banks closed in Maharashtra for the birth anniversary of Veer Chhatrapati Shivaji Maharaj.
February 20 – Banks closed in Arunachal Pradesh and Mizoram for State Day.
February 22 – Sunday holiday across the country.
Because of these dates, some states may see multiple non-working days in a row.
What You Can Still Do When Banks Are Closed
Even if branches are shut, digital banking services remain available.
You can:
Transfer money through UPI, NEFT, or RTGS
Use debit or credit cards
Withdraw cash from ATMs
Access net banking and mobile banking apps
Request cheque books or update account details online
However, services like cheque clearance, cash deposits at the branch, or loan-related paperwork will have to wait until the bank reopens.
Before stepping out for bank-related work, it’s always smart to check your local holiday schedule.
A quick look can save you time and unnecessary travel.
