Bank Holidays In February 2024: Banks Will Be Closed For 11 Days; Check Full List Here
Bank Holidays In February 2024:?In India, bank holidays are crucial for organising financial activities and services. The Reserve Bank of India (RBI), often called the Central Bank, sets up a timetable for nationwide and government holidays. All banks throughout the country follow this schedule.
In India, there are various types of banks like Cooperative Banks, Regional Rural Banks (RRB), Small Finance Banks (SFB), Local Area Banks (LAB), and others. All these banks are regulated by the Reserve Bank of India (RBI).
As we approach the start of the second month of the year, let's take a look at the upcoming bank holidays in February 2024. During this month, banks will be closed for a total of 11 days, which includes the second and fourth Saturdays, as well as Sundays. Additionally, holidays will follow the local traditions of various regions in India and will differ across states.
Knowing about these bank holidays is crucial for both people and businesses. It helps in planning financial activities like deposits, withdrawals, and other banking tasks more effectively. Being aware of the holiday schedule ensures a smoother and more convenient banking experience for everyone in India.
Keep yourself updated on upcoming holidays to make sure your banking runs smoothly. This helpful guide gives you info on when banks will be closed, so you can handle your money matters without any issues. Whether you're a business owner, investor, or just managing your finances, knowing the bank holiday schedule is crucial for a stress-free banking experience in February 2024.
Don't worry about any issues with your banking works during holidays, as they are not frequent or have short breaks. ATMs, cash deposits, online banking, and mobile banking will remain operational. The holidays in February 2024 differ from state to state, considering local festivals.
Check out the state-wise list of bank holidays in February 2024:
| Date & Day | Holiday | State |
|---|---|---|
| February 4 (Sunday) | Weekend Holiday | All Over India |
| February 10 (Saturday) | Second Saturday Holiday | ? All Over India?? |
| February 11 (Sunday) | ? Weekend Holiday?? | ? All Over India?? |
| February 14 (Wednesday) | Basanta Panchami/Saraswati Puja (Shree Panchami)? | Tripura, Odisha, West Bengal |
| February 15 (Thursday) | Lui-Ngai-Ni | Manipur |
| February 18 (Sunday) | Weekend Holiday | ? All Over India?? |
| February 19 (Monday) | Chhatrapati Shivaji Maharaj Jayanti | Maharashtra |
| February 20 (Tuesday) | State Day/Statehood Day | Mizoram, Itanagar |
| February 24 (Saturday) | Fourth Saturday Holiday | All Over India?? |
| February 25 (Sunday) | Weekend Holiday | ?All Over India?? |
| February 26 (Monday) | Nyokum | Itanagar |
As per the RBI rules, there are three categorised holidays and they are as follows:
1. Holiday under the Negotiable Instruments Act
2. Holiday under the Negotiable Instruments Act and Real-Time Gross Settlement Holiday
3. Banks' Closing of Accounts
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