Financial institution Holidays in February 2024: February 3 is a Saturday and whereas many might surprise if it’s a financial institution vacation, the easy reply is not any. Banks are often off on the second and fourth Saturdays in any given month. Thus, all first and third Saturdays and obligation days are as standard. And additional, in case the month has a fifth Saturday, that might even be a working day.
However, this month does have a complete of 11 holidays together with, Saturdays and Sundays off. Furthermore, the vacations will probably be as per the native customs of various areas in India and can fluctuate in several states.
See | Maharashtra Financial institution Holidays in 2024
When are the vacations?
Listed below are the weekend dates the place banks will probably be shut — February 4 (Sunday), February 10 (Second Saturday), February 11 (Sunday), February 24 (Sunday), and February 25 (Fourth Saturday).
Beneath is the complete listing of different financial institution holidays in February 2024:
4 February: Sunday
10 February: Second Saturday/Losar whereby Gangtok will stay closed.
11 February: Sunday
14 February: Basanta Panchami/Saraswati Puja (Shree Panchami) (Banks will stay closed in Agartala, Bhubaneswar, Kolkata)
15 February: Lui-Ngai-Ni (Banks will stay closed in Imphal)
18 February: Sunday
Additionally Learn | Financial institution Holidays in 2024. Examine the complete listing right here
19 February: Chhatrapati Shivaji Maharaj Jayanti (Banks will stay closed in Belapur, Mumbai, Nagpur)
20 February: Banks will stay closed in Aizawl, Itanagar, on account of State Day/Statehood Day
24 February: Second Saturday
25 February: Sunday
26 February: Nyokum (Banks will stay closed in Itanagar)
Additionally Learn | Are SBI branches close to you open immediately? This is when the financial institution will stay closed on Saturdays in 2024
In the meantime, entry to on-line banking providers will proceed no matter holidays for both non-public or public sector banks. It thus is crucial for purchasers to pay attention to scheduled financial institution holidays and their particular dates, to meticulously plan their visits to their close by branches.
Financial institution Holidays Listing
The Reserve Financial institution of India (RBI) releases the listing of financial institution holidays, which is predicated on varied elements together with nationwide/state holidays, cultural or spiritual observance, operational necessities, authorities bulletins, and coordination with different banks. It is necessary to notice that the RBI communicates its vacation schedule by official channels, together with its web site and notifications to banks and monetary establishments.
Additionally See | Inventory market vacation 2024: Examine days, dates, and buying and selling holidays within the new 12 months
Nationwide entry to on-line banking providers will persist regardless of the shutdown of both non-public or public sector banks. It turns into crucial for people to domesticate a heightened consciousness of scheduled financial institution holidays, paying attention to the precise dates, thereby enabling them to meticulously plan their visits to their close by branches.
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Revealed: 03 Feb 2024, 07:49 AM IST
Supply: Live Mint