As February approaches, individuals can prepare for 11 bank holidays during the month. These include the usual second and fourth Saturdays, along with Sundays. Notably, banks will be open on the first and third Saturdays of the month. The list comprises state-specific holidays, with nationwide closures during national holidays. The Reserve Bank of India (RBI) categorizes holidays under the Negotiable Instruments Act, Real-Time Gross Settlement Holidays, and Banks’ Closing of Accounts. The RBI communicates these schedules through official channels, such as its website and notifications to financial institutions. Here’s the detailed breakdown of bank holidays in February 2024:
- February 4: Sunday
- February 10: Second Saturday/Losar (Closed in Gangtok)
- February 11: Sunday
- February 14: Basanta Panchami/Saraswati Puja (Closed in Agartala, Bhubaneswar, Kolkata)
- February 15: Lui-Ngai-Ni (Closed in Imphal)
- February 18: Sunday
- February 19: Chhatrapati Shivaji Maharaj Jayanti (Closed in Belapur, Mumbai, Nagpur)
- February 20: State Day/Statehood Day (Closed in Aizawl, Itanagar)
- February 24: Second Saturday
- February 25: Sunday
- February 26: Nyokum (Closed in Itanagar)
While physical branches may be closed, online banking services will remain accessible nationwide. It is crucial for individuals to stay informed about these scheduled bank holidays, noting specific dates to plan their visits to branches accordingly.
