Bank Holiday Alert : Banks to Remain Closed for 4 Days This Week, Check Details

Bank Holiday Alert : The Reserve Bank of India (RBI) has already released a list of bank holidays, detailing which banks will be closed on which days, in which cities, and for what reason. As a result, if you intend to visit the bank on any particular day, you should first learn about the bank holidays in your area, and then schedule your visit.

Now, about This Week bank holidays, if you want to visit the bank for any reason next week, please be advised that banks will be closed for four days. Let’s find out which days and why banks will be closed This Week .

February 18th Bank Holiday

Only one state will have its banks closed on February 18th. The state in question is Sikkim. Sikkim banks will be closed on February 18th for the Losar festival. Banks will stay open around the country.

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February 19th: Bank Holiday

Only one state will have its banks closed on February 19th. This state is known as Maharashtra. Banks in Maharashtra will be closed on this day in honour of Chhatrapati Shivaji Maharaj Jayanti. Banks will stay open around the country.

February 20th: Bank Holiday

Banks in Arunachal Pradesh and Mizoram will close on February 20th. Banks in Arunachal Pradesh and Mizoram will be closed on this day due to State Foundation Day. Banks will stay open around the country.

Bank Holiday: February 22nd

Sunday, February 22nd. As a result, banks across the country will stay closed on this day.

Bank holidays and digital banking services.

Digital banking services are available even when banks are closed, such as on weekly off days, regional holidays, and public holidays. Customers can conduct financial transactions at any time without encountering any service interruptions. The system runs in the following manner:

Transaction Processing: Digital transactions are completed in less than one minute or, in most cases, within thirty minutes. During the holidays, when a user makes a payment using mobile banking or online banking, the transaction will be completed without delay.

Branch Restrictions: Physical bank branches have limitations, however digital channels allow users to access all services uninterrupted. Bank branches will not perform RTGS transactions initiated by customers during holidays or on the second and fourth Saturdays when the branches are closed. During these periods, only transactions submitted through the bank’s online digital channels are processed.