In India, banks follow a structured holiday system, observing holidays every second and fourth Saturday of the month. This implies the next holiday this month is on April 27 and 28
As India is celebrating Hanuman Jayanti on April 23, some might be confused about the bank holiday on the occasion. All banks in India, including the State Bank of India, will be functioning as usual on April 23 as Hanuman Jayanti isn’t recognized as a scheduled holiday by the Government of India. As a result, all government employees, including bank staff, will be working today.
In India, banks follow a structured holiday system, observing holidays every second and fourth Saturday of the month. This implies the next holiday this month is on April 27 and 28.
Overall, the banks in India have a total of 12 holidays in April 2024. However, this will vary in each state as per the Reserve Bank of India’s (RBI) calendar, for reasons including regional holidays, public holidays, and weekends. Customers are advised to check with their nearest bank branches to confirm the dates.
In addition, regardless of holidays or weekends in the banks, customers can use online banking services as usual, including transactions through bank websites, mobile apps, and ATMs. Individuals can manage their banking needs conveniently through these platforms.
As per the RBI rules, there are three categorised holidays including holidays under the Negotiable Instruments Act, holidays under the Negotiable Instruments Act and Real-Time Gross Settlement Holidays, and Banks' Closing of Accounts.
The RBI releases a full list of bank holidays for the calendar year, based on factors like national and state holidays, cultural or religious occasions, government announcements, operational requirements, and coordination with other banks. This is communicated by the RBI through official channels such as its website and notifications to banks and other financial institutions.