Financial institution Vacation at the moment: As we speak, February 8, the outcomes of the elections to the nationwide capital’s assembly shall be out. So, are the banks in Delhi open or closed on February 8 on meeting election counting day? Additional, at the moment, can be a Saturday, so are banks open or closed throughout India? Mint takes a glance.
Financial institution Vacation As we speak: February 8 — Second Saturday
Notably, banks throughout India — each private and non-private banks — are closed on each second and fourth Saturday of the month, no matter different causes. So, sure, banks throughout the nation, together with the nationwide capital Delhi, will stay closed at the moment on account of second Saturday.
All first and third Saturdays and dealing days are as normal. And additional, in case the month has a fifth Saturday, that might even be a working day.
Additional, the Reserve Financial institution of India (RBI) has listed a complete of eight financial institution holidays within the month of February, aside from the same old weekends off (second and fourth Saturday, and all Sundays). Thus, banks will stay closed for eight days in February 2025 on account of varied regional and nationwide holidays on: February 3, 11, 12, 15, 19, 20, 26 and 28, below the Negotiable Devices Act.
Weekend Financial institution Holidays Record — February 2025
For the weekend offs, banks shall be closed on: February 2 (Sunday), February 8 (second Saturday), February 9 (Sunday), February 16 (Sunday), February 22 (fourth Saturday), February 23 (Sunday).
Total, this month has at the least 14 holidays together with, Saturdays and Sundays off. Nonetheless, the vacations shall be as per the native customs of various areas in India and can range in numerous states. Due to this fact, it’s best examine together with your nearest financial institution department for his or her vacation listing prematurely to maintain knowledgeable and make preparations for emergencies or forward of the lengthy weekends.
The Negotiable Devices Act offers with the issuance of cheques and promissory notes. Transactions involving these devices won’t be accessible through the holidays. Nonetheless clients can use financial institution ATMs, apps and on-line banking web site to conduct transactions.
