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Tag: Bank holidays

  • Janmashtami Bank Holiday 2024: Are Banks Open Or Closed On August 26? Check State-Wise List | Economy News

    New Delhi: Several states will experience a three-day bank closure starting this Saturday, August 24, 2024. This is due to some states observing a bank holiday on Monday, August 25, in celebration of Krishna Janmashtami. To ensure smooth banking transactions, it’s a good idea for customers to check if their state will be affected by this holiday.

    Are All Banks Closed on August 24?

    Yes, banks will be closed this Saturday, August 24, because it’s the fourth Saturday of the month. As per RBI guidelines, banks observe closures on the second and fourth Saturdays along with Sundays and other national or regional holidays.

    August Bank Holidays in 2024

    August 24 (Saturday): Fourth Saturday of the month; banks are closed.

    August 25 (Sunday): Banks are closed as it is Sunday.

    August 26 (Monday): On August 26, 2024, in observance of Krishna Janmashtami (Shravan Vad-8), banks will be closed in several states across India. This includes Andhra Pradesh, Bihar, Chhattisgarh, Gujarat, Himachal Pradesh, Jharkhand, Jammu, Karnataka, Meghalaya, Odisha, Punjab, Rajasthan, Sikkim, Tamil Nadu, Telangana, Uttar Pradesh, and West Bengal.

    Please note that while physical bank branches will be closed on Monday in the listed states, digital banking services will still be available. You can continue to use internet banking, mobile banking, WhatsApp banking, as well as NEFT and RTGS services without interruption.

  • Three-Day Bank Holiday Alert! Financial Institutions To Shut Down On THESE Dates | Personal Finance News

    New Delhi: As India gears up to celebrate Republic Day on January 26, the much-awaited parade is set to kick off at 10:30 am. The procession will follow the route from Vijay Chowk to Kartavya Path, showcasing the grandeur of the Indian armed forces, police, and paramilitary groups. This year, the honored chief guest for the festivities is French President Emmanuel Macron.

    Venue And Audience

    Rajpath in Delhi will be the focal point for the celebrations, where approximately 77,000 people will gather to witness the spectacular event. Out of this, 42,000 seats are reserved for the general public, providing an opportunity for citizens to participate in the patriotic celebrations. (Also Read: Flipkart Announces Annual Workforce Restructuring: 1,000 Employees To Be Let Go)

    Bank Holiday On Republic Day

    Wondering if tomorrow is a bank holiday? Yes, January 26 is indeed a bank holiday. Given that banks typically observe holidays on the second and fourth Saturdays of the month, Republic Day, falling on a Friday this year, extends the break into a long weekend. With the subsequent fourth Saturday on January 27 and Sunday on January 28, banks will resume operations only on Monday, January 29. (Also Read: Riding The Billions: Meet Indian Tycoon Whose Company Powers Luxury Giants BMW, Mercedes Benz, Rolls Royce And Net Worth Is Rs…)

    January’s Holiday Calendar

    January has been an eventful month on the holiday front, with a total of 16 bank holidays, including weekends and an additional half-day off on January 22 for the Ram Mandir inauguration. It’s essential to note that holiday schedules align with local customs, varying across different states in India.

    Upcoming Weekends With Bank Closings

    Looking ahead, here are the upcoming weekends when banks will be closed – January 7 (Sunday), January 13 (Second Saturday), January 14 (Sunday), January 21 (Sunday), January 27 (Fourth Saturday), and January 28 ( Sunday).

  • Bank Holiday ALERT! Financial Institutions To Be Closed On Three Consecutive Days This Month | Personal Finance News

    New Delhi: As we step into the last week of January 2024, Indian banks are gearing up for an extended weekend, with a total of 16 holidays slated for the month. The Reserve Bank of India (RBI) carefully curates this list, considering various factors like national and state holidays, cultural or religious observances, operational needs, government announcements, and coordination with other banks.

    Tuesday, January 23: Banks Closed in Manipur

    On January 23 (Tuesday), banks in Manipur will remain closed due to the celebration of Gaan-Ngai. It’s a regional holiday dedicated to cultural festivities and observances in the state. (Also Read: Tongue-Di-Kebab: Ex-Twitter Executive Thought It Was ‘Kurkure’; Hillarious Post Goes Viral)

    Thursday, January 25

    January 25 (Thursday) marks Thai Poosam/Birthday of Md. Hazrat Ali, leading to bank closures in Tamil Nadu, Maharashtra, and Uttar Pradesh. Customers in these regions should plan their banking activities accordingly. (Also Read: Motorola Slashes Prices On Razr 40 Flip Phone In India: Here’s How Deal Works)

    Friday, January 26: Republic Day National Holiday

    January 26 (Friday) is Republic Day, a national holiday in India. As banks remain closed on this day, it kicks off a long weekend, extending through the fourth Saturday and Sunday.

    Saturday, January 27: Fourth Saturday Closure

    Banks are scheduled to remain closed on January 27 (Fourth Saturday) as part of the routine monthly closure.

    Sunday, January 28

    As usual, banks will also be closed on January 28 (Sunday) as part of their regular weekend closure.

    Special Closure For Ram Temple Consecration

    In a unique occurrence, an order from the Ministry of Finance on January 18 directed public sector banks (PSBs) and regional rural banks to observe a half-day off on January 22. This special closure was in honor of the Ram temple consecration ceremony in Ayodhya.

    Impact On Private Banks In Uttar Pradesh

    Bank branches of major private sector lenders, including HDFC Bank and Axis Bank, were also closed on January 22, 2024, in Uttar Pradesh. HDFC Bank observed a full-day closure in UP and Uttarakhand, while Axis Bank remained closed for the entire day in Uttar Pradesh.