Bank Holidays February 2022: There Are 12 Bank Holidays This Month

After the list of January 2022 bank holidays, it's time for the second month of the new year, and with it comes new set of bank holidays. In February 2022 there are only 12 days when many private and public sector banks will remain closed due to additional bank holidays including weekends.

Banks will be shut for 12 days in February 2022 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.

The month of February 2022 observes 12 bank holidays and the first holiday starts from the Sonam Lhochhar festival on 5th February and other holidays like Guru Ravidas Jayanti on 16th February banks will be observed holidays which are applicable to all banks in India except some states.

People will not face any problem in bank-related work as holidays are not frequent or at short intervals and ATMs, cash deposits, online banking, mobile banking will continue to function. These holidays may vary from state to state as holidays are determined keeping in view the local festivals.

Bank Holidays February 2022 | Photo: AFP

According to RBI guidelines, banks are closed on Sundays as well as on the second and fourth Saturdays of the month. Under the Negotiable Instruments Act, RBI has declared holidays on February 2, 5, 15, 16, 18, and 19. Apart from this, there are four Sundays in the month falling on February 6, 13, 20 and 27 and also on the second and fourth Saturdays on February 12 and 26.

According to the Reserve Bank's calendar, apart from the weekend, there are 6 bank holidays in February month. The central government has divided the holidays into three categories, under the Negotiable Instruments Act, 1881. In these three categories ¨C Holidays under Negotiable Instruments Act, and Real-Time Gross Settlement Holiday and BanksĄ¯ Closing of Accounts.

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

Check out the state-wise list of bank holidays in February 2022:

February 2 (Wednesday): Sonam Lochhar festival

Banks remain closed in Sikkim on Wednesday, February 2 2022 on occasion of Sonam Lochhar which is celebrated by all throughout the state. It is the most significant and important festival of this culturally rich community, which is celebrated with great fanfare and zeal as it marks the beginning of the Tibetan New Year. Men & women adorned in their colorful and traditional dresses, masked men dancing to the rhythmic beats of damphu (a traditional small round drum) and elaborate spreads of exotic Tamang cuisine.

February 5 (Saturday) - Saraswati Puja/Shree Panchami/Basant Panchami

Banks will be closed in Agartala, Bhubaneswar and Kolkata on Saturday, February 5 2022 on the occasion of Saraswati Puja/Shree Panchami/Basant Panchami.

February 6 (Sunday) - Weekend Bank Holiday

Banks across the country remain closed on their weekly off on Sunday, 5 February 2022.

February 12 (Second Saturday of the month) - Weekend Bank Holiday

All the banks in the country remain closed on the second Saturday of the month on 12 February 2022.

February 13 (Sunday) - Weekend Bank Holiday

Banks across the country will be closed on their weekly off on Sunday, 13 February 2022.

February 15 (Tuesday) - Birth anniversary of Mohammad Hazrat Ali/Louis-Nagai-Ni

Banks will be closed in Imphal, Kanpur and Lucknow on Tuesday, February 15 2022 on the birth anniversary of Mohammad Hazrat Ali/Louis-Nagai-Ni. Mohammad Hazrat Ali is the cousin and son-in-law of Prophet Muhammad and it is believed that he was the first muslim who adopted the Islam and fought with Muhammad in many battles. Lui Ngai Ni is the seed-sowing festival celebrated by the Naga tribes of Manipur.

February 16 (Wednesday) - Guru Ravidas Jayanti

Banks remain closed Wednesday, 16 February 2022 on the occasion of Guru Ravidas Jayanti in Punjab and Haryana. Guru Ravidas Jayanti celebrated on the full moon day in the month of Magh in the memory of Guru Ravidas who was born into a low caste family who were regarded as untouchables and one of the first people who fought for basic human rights. He became an eminent figure in the Bhakti Movement and taught spirituality and tried to bring forward an equality message based on freedom from the oppression of the Indian caste system.

February 18 (Friday) - Doljatra

Bank branches remain closed on Friday, 18 February 2022 on the occasion of Doljatra in Kolkata. Doljatra is celebrated for thousands of years to revel in the everlasting bond of love between Lord Krishna and Radha. It is believed that Dolyatra was the day when Lord Krishna expressed his love for his beloved Radha.

February 19 (Saturday) - Chhatrapati Shivaji Maharaj Jayanti

Bank branches remain closed on Saturday, 19 February 2022 on the occasion of Chhatrapati Shivaji Maharaj Jayanti. Shivaji Bhonsle is also known as Chhatrapati Shivaji Maharaj was an Indian ruler and founder of the Maratha Empire. Shivaji had fought many battles for not accepting the subjugation of the Adilshahi Sultanate. Shivaji is also considered the hero of Hindus. Shivaji Maharaj was a brave, intelligent and fearless ruler. He had great interest in religious work. He used to practice Ramayana and Mahabharata with great care. In the year 1674, Shivaji Maharaj was crowned and he got the title of Chhatrapati.

February 20 (Sunday) - Weekend Bank Holiday

Banks across the country will be closed on their weekly off on Sunday, 20 February 2022.

February 26 (Fourth Saturday of the month) - Weekend Bank Holiday

All the banks in the country remain closed on the fourth Saturday of the month on 26 February 2022.

February 27 (Sunday) - Weekend Bank Holiday

Banks across the country will be closed on their weekly off on Sunday, 27 February 2022.