📢 Headline Alert: Stay informed with curated news directly from top media sources.
As February progresses, customers planning to visit banks are advised to check the holiday schedule in advance to avoid inconvenience. In India, banks observe both national and state-specific holidays, which means closure dates can differ from one region to another.Next week, several banks across the country will remain closed for state observances:
- February 18: Banks in Sikkim will be closed for Losar, also known as the Tibetan New Year, a festival celebrated in Tibetan Buddhism.
- February 19: Banks in Maharashtra will be closed in observance of Chhatrapati Shivaji Maharaj Jayanti, marking the birth anniversary of the renowned Maratha warrior and leader.
- February 20: Banks in Mizoram and Arunachal Pradesh will be closed for Statehood Day, commemorating the day in 1987 when Mizoram became the 23rd state and Arunachal Pradesh the 24th state of the Indian Union.
In addition to these state-specific holidays, banks will also remain closed on the second and fourth Saturdays of the month, as per Reserve Bank of India (RBI) guidelines.Customers are advised to plan their transactions accordingly. While branches will be closed, digital banking services including ATMs, mobile apps, UPI, and online banking will continue to operate, allowing fund transfers, bill payments, and other routine activities. However, services that require a physical branch visit, such as large cash deposits, cheque clearances, or demand drafts, will not be available on these holidays.Advance planning and the use of digital banking tools can help customers avoid last-minute hassles and ensure smooth management of essential financial tasks.
Source: Times of India
📝 We use smart aggregation to bring you top news in real-time.
