Bank Holidays In December 2023: Banks Will Be Closed For 18 Days Check Full List Here

Bank Holidays In December 2023: After the list of November 2023 bank holidays, it's time for the last month of 2023, and with it comes a new set of bank holidays.?

Banks will be closed for 18 days in December 2023 including second and fourth Saturdays and Sundays. As per the Reserve Bank of India (RBI) guidelines, banks will be closed on all public holidays with some regional holidays depending on the particular state. Regional holidays are decided by respective state governments.

Bank Holidays In December 2023 | Photo: Indiatimes

The first holiday in December 2023 starts from 'Indigenous Faith Day (Arunachal Pradesh)' on Friday, December 01st, and other holidays like Christmas on Monday, December 25th will be observed holidays which are applicable to all banks in India except some states.

Most Indian banks’ functions are regulated by the Reserve Bank of India, and banking schedules and holidays are also governed by the Reserve Bank of India (RBI) regulations. Public sector banks and private sector banks both are not working on Sundays and on second and fourth Saturdays.

Under the Negotiable Instruments Act, RBI has declared bank holidays on December 01,04,12,13,14,18,19,25, 26, 27 and 30. Apart from this, there are five Sundays in December falling on December 03, 10, 17, 24, and 31 also on the second and fourth Saturdays on December 09 and December 23.

According to the Reserve Bank's calendar, apart from the weekends, there are 11 bank holidays in December. The central government divided the holidays into three categories, under the Negotiable Instruments Act, of 1881, which include Real-Time Gross Settlement Holiday; and Banks' Closing of Accounts.

Those who have important work related to the bank in December, should see the list of holidays and plan their work in advance.

Bank Holidays In December 2023

Check out the state-wise list of bank holidays in December 2023:

(Please note that the below list includes the general bank holidays and State-specific holidays may vary for the month of December 2023, and it is advisable to check with your local bank branch for any additional holidays that may apply.)?

1. Bank Holiday on December 1st, (Friday)- State Inauguration Day/Indigenous Faith Day

Banks will be closed on Friday, December 1st in Arunachal Pradesh, Nagaland due to State Inauguration Day/Indigenous Faith day.

2. Bank Holiday on December 3rd (Sunday) - Weekend

Banks across the country will be closed on their weekly off on Sunday, December 3rd.

3. Bank Holiday on December 4th (Monday)- Feast of St. Francis Xavier

Banks will be closed on Monday, December 4th in Goa on the occasion of St. Francis Xavier.

4. Bank Holiday on December 9th (Saturday): Second Saturday

Banks will be closed due to the second Saturday holiday across the country on Saturday, December 9th.

5. Bank Holiday on December 10th (Sunday) - Weekend

Banks across the country will be closed on their weekly off on Sunday, December 10th.

6. Bank Holiday on December 12th (Tuesday)- Pa-Togan Nengminja Sangma

Banks will be closed on Tuesday, December 12th in Meghalaya on the occasion of Pa-Togan Nengminja Sangma.

7. Bank Holiday on December 13th (Wednesday)- Losoong/Namsoong

Banks will be closed on Wednesday, December 13th in Sikkim on the occasion of Losoong/Namsoong.

8. Bank Holiday on December 14th (Thursday)- Losoong/Namsoong

Banks will be closed on Thursday, December 14th in Sikkim on the occasion of Losoong/Namsoong.

9. Bank Holiday on December 17th (Sunday) - Weekend

Banks across the country will be closed on their weekly off on Sunday, December 17th.

10. Bank Holiday on December 18th (Monday)- Death Anniversary of U SoSo Tham

Banks will be closed on Monday, December 18th in Meghalaya on the death anniversary of U SoSo Tham.

11. Bank Holiday on December 19th (Tuesday)- Goa Liberation Day

Banks will be closed on Tuesday, December 19th in Goa on the occasion of Goa Liberation Day.

12. Bank Holiday on December 23rd (Saturday): Fourth Saturday

Banks across the country will be closed on their weekly off on the fourth Saturday of the month on Saturday, December 23rd.

13. Bank Holiday on December 24th (Sunday) - Weekend

Banks across the country will be closed on their weekly off on Sunday, December 24th.

14. Bank Holiday on December 25th (Monday)- (Christmas)

Banks will be closed on Monday, December 25th across the country on the occasion of Christmas.

15. Bank Holiday on December 26th (Tuesday)- Christmas Celebration

Banks will be closed on Tuesday, December 26th in Mizoram, Arunachal Pradesh, Meghalaya on the occasion of the Christmas celebration.

16. Bank Holiday on December 27th ( Wednesday)- Christmas

Banks will be closed on Wednesday, December 27th in Arunachal Pradesh due to Christmas celebrations.

17. Bank Holiday on December 30th (Saturday)- U Kiang Nangbah

Banks will be closed on Saturday, December 30th in Meghalaya on the occasion of U Kiang Nangbah.

18. Bank Holiday on December 31st (Sunday) - Weekend

Banks across the country will be closed on their weekly off on Sunday, December 31st.

Bank holidays in India come in a variety of flavours -- it's a mix of mandated holidays by the banking sector, plus a whole set of festive and commemorative holidays authorised by various states.

However, people will not face any problems with bank-related work as holidays are not frequent or are at short intervals; ATMs, cash deposits, online banking, and mobile banking will continue to function. These holidays in December vary from state to state as holidays are determined keeping in mind the local festivals.

Banks will be closed on all public holidays with some regional holidays, depending on the particular state. Regional holidays are decided by the respective state governments; they are not mentioned on RBI's official website.?

Long weekend holidays in December 2023

In December, there's going to be a long weekend holiday. Across the country, banks will be closed on December 23rd, 24th and 25th. December 23rd is a Second Saturday, the 24th is a Sunday and the 25th is a Christmas celebration. In a few states, banks will also have a holiday on the December 26th and 27th for Christmas Eve.

Types of holidays in India:

There are two types of holidays observed in India, National Holidays and Government Holidays.

National holidays

- National Holidays (Gazetted holidays)which include Republic Day, Independence Day, and Mahatma Gandhi Jayanti. On National holidays banks, schools, government offices, and other types of private sectors remain shut across the country.

Government holidays

- Government holidays in India are classified into two types: state government bank holidays and central government bank holidays. State government bank holidays are observed only in the respective state, while central government bank holidays are observed across the country. For example, Himachal Day is a bank holiday in Himachal Pradesh, but it is not a bank holiday in other states. Similarly, Onam is a bank holiday in Kerala, but it is not a bank holiday in other states. On the other hand, Republic Day, Independence Day, and Gandhi Jayanti are all central government bank holidays that are observed across the country.

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