Bank holidays in India, banks remain closed on various occasions and follow a set holiday calendar approved by the Reserve Bank of India (RBI) 🏦📅. The most common holidays are on every second and fourth Saturday of the month. In addition to this banks remain closed on various government-specific holidays, national days, and some specific festivals.
Republic Day (January 26), Independence Day (August 15), Gandhi Jayanti (October 2), and Christmas (December 25) are some prominent bank holidays. 🏛️ Furthermore, banks in India also follow state-specific holiday calendars and remain closed on some special occasions including state-specific festivals, important days, and others.
Having information about the bank holidays is important to streamline your financial tasks or plan your bank visits. 🗓️💰 In this blog post, find a comprehensive list of all bank holidays to plan your financial tasks accordingly.
A List of Bank Holidays Across India in 2024
Check the list of specific holidays that are being observed across India and all types of banks are going to remain closed on these occasions.
1. Republic Day on January 26th, 2024
Republic Day is a public holiday across India and all types of banks remain closed on this day. The Republic Day is celebrated for the formation of the Constitution of India.
2. Mahashivratri 8 March 2024
Mahashivratri is another specific bank holiday across India. The festival is celebrated in various states by Hindus to celebrate the night of God Shiva.
3. Holi on the 08 March 2024
Holi is known as the festival of colors and is observed as a public holiday across India. All banks remain closed on the occasion of Holi.
4. Id-ul-Fitr 8 April 2024
Id-ul-Fitr is a Muslim festival celebrated across India. Muslims observe fast during the month of Ramazan (a month before id-ul-Fitr).
5. Ambedkar Jayanti fall on 14 April in 2024
Another specific bank holiday in India is on 14 April on the occasion of the birth anniversary of DR. B.R. Ambedkar, known as the father of the Indian constitution.
6. Mahaveer Jayanti on 4th April, 2024
Bank holiday on Mahaveer Jayanti is observed across several states in India. Mahaveer Jayanti is a Jain festival.
7. Baisakhi on 13th April 2024
Baisakhi is a Sikh festival and is observed as a bank holiday across India. Baisakhi also commemorates the New Year for the Sikhs.
8. Labor’s Day or May Day on 1 May 2024
Another bank holiday in India is on 1 May each year to celebrate International Labor Day.
9. Bakrid or Eid al Adha Holiday on May 17 2024
Eid-ul-Adha is a major Muslim festival and all public offices or banks remain closed on this day.
10. Independence Day August 15, 2024
A national and bank holiday is observed every year on August 15 to celebrate Independence Day.
11. Janmashtami on 26 August 2024
Janmashtami is another bank holiday in India. The day celebrates the birth of Lord Krishna and many states across India observe a public holiday on this occasion.
12. Gandhi Jayanti on 2nd October 2024
Gandi Jayanti celebrates the birth of Mahatma Gandhi the father of the nation. Gandi Jayanti is a national and bank holiday in India.
13. Diwali on 31 October 2024
Diwali is one of the major festivals of Hindus celebrated across India. Diwali is celebrated to symbolize the victory of light over darkness.
14. Christmas Day 25 December
Christmas is a national holiday across India and all banks remain closed on this day. Christmas is a Christian festival celebrating the birth of Jesus Christ.
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List of Bank Holidays On the Second and Fourth Saturday of the Month in 2024
All central and state banks in India remain closed on the second and fourth Saturday of every month. Refer to the table below to check the dates of these bank holidays.
| 13 January 2024 | Second Saturday |
| 27 January 2024 | Fourth Saturday |
| 10 February 2024 | Second Saturday |
| 24 February 2024 | Fourth Saturday |
| 9 March 2024 | Second Saturday |
| 23 March 2024 | Fourth Saturday |
| 13 April 2024 | Second Saturday |
| 27 April 2024 | Fourth Saturday |
| 11 May 2024 | Second Saturday |
| 25 May 2024 | Fourth Saturday |
| 8 June 2024 | Second Saturday |
| 22 June 2024 | Fourth Saturday |
| 13 July 2024 | Second Saturday |
| 27 July 2024 | Fourth Saturday |
| 10 August 2024 | Second Saturday |
| 24 August 2024 | Fourth Saturday |
| 14 September 2024 | Second Saturday |
| 28 September 2024 | Fourth Saturday |
| 12 October 2024 | Second Saturday |
| 26 October 2024 | Fourth Saturday |
| 9 November 2024 | Second Saturday |
| 23 November 2024 | Fourth Saturday |
| 14 December 2024 | Second Saturday |
| 28 December 2024 | Fourth Saturday |
Conclusion
In conclusion, banks in India remain closed on various occasions including national days and festivals. 🏦🎉Apart from this, all banks observe holidays on the second and fourth Saturday of every month as per the guidelines of the Reserve Bank of India (RBI). 📅✅ In addition, the regional or state banks remain closed on special state holidays or festivals.
In India, several types of banks operate including the central banks, commercial banks, cooperative banks, Regional Rural Banks (RRB), Small Finance Banks (SMB), and Local Area Banks (LAB). All these banks observe holidays on three national days i.e. Republic Day on 26 January, Independence Day on 15 Agust, and Mahatma Gandhi Jayanti on 2nd October. These banks also remain closed on alternative Saturdays of the month 🗓️.
