If you have any bank-related work, this information is important for you. Banks will remain closed for the next three days from today, except Saturday.
So, it is better to check the holiday list before visiting your bank and plan your work accordingly. These holidays are based on the Reserve Bank of India (RBI) calendar.
Types of Bank Holidays as per RBI
The RBI divides bank holidays into three main categories:
Holidays under the Negotiable Instruments Act
These are official public holidays when banks remain completely closed, such as Holi, Diwali, Christmas, Ganesh Chaturthi, and Eid. On these days, cheque clearing and branch banking services are affected.
RTGS Holidays
These holidays differ from state to state, depending on local festivals and traditions.
Bank branches remain closed, but digital banking services continue to work. However, RTGS transactions are not processed at bank branches on these holidays.
Closing of Bank Accounts (Annual Closing Day)
Every year, April 1 is treated as account closing day. Since it is the start of the new financial year, bank staff remain busy completing the previous year’s accounts. Although banks stay open, customer services at counters are usually unavailable.
State-Wise Bank Closures in February
February 18 – Banks are closed in Sikkim for the Losar festival, which marks the Tibetan New Year. Banks in the rest of India remain open.
February 19 – Banks are closed in Maharashtra on the birth anniversary of Veer Chhatrapati Shivaji Maharaj.
February 20 – Banks are closed in Arunachal Pradesh and Mizoram for State Day. Banking services continue normally in other states.
February 22 – Banks are closed across India due to Sunday. Overall, banking services will be affected for four days.
Banking Services Available During Holidays
Even when bank branches are closed, many services remain available. You can use internet banking, mobile banking, and UPI apps to transfer money.
Transactions can also be done through NEFT or RTGS. Credit cards, debit cards, and ATM machines can be used for payments and cash withdrawal.
Digital banking also allows you to request cheque books and demand drafts, update account details, and set or change your PIN.
However, services such as cheque clearance, cash deposit at the branch, or loan processing can only be done after the bank reopens.
