Bank Holiday 2025: Indian banks will be closed this week due to Mahavir Jayanti 2025. In total, there will be three bank holidays. The other two holidays will be on weekends due to the second Saturday and Sunday being a default holiday for all banks in India. However, there is confusion about when exactly Mahavir Jayanti is and on which day banks will be closed because of the festival.
Mahavir Jayanti 2025:
There is confusion about whether Mahavir Jayanti is on April 9th or 10th. As per the public holidays list by state and Centre, Mahavir Jayanti will fall on Thursday, April 10th. The auspicious festival in Jainism usually occurs in either March or April in the Gregorian calendar.
All about Mahavir Jayanti?
Mahavir Jayanti is also popularly referred to as Mahavira Janma Kalyanaka, which is celebrated as the birth of their supreme preacher Mahavira, by Jains across the country. Mahavira is the 24th and last Tīrthankara of the current Avasarpini.
The idol of Mahavira is carried out on a chariot, in a procession called rath yatra. On the way, stavans (religious rhymes) are recited. Statues of Mahavira are given a ceremonial anointment called the abhisheka. During the day, most members of the Jain community engage in some sort of charitable act, prayers, pujas, and vratas. Many devotees visit temples dedicated to Mahavira to meditate and offer prayers. Lectures by monks and nuns are held in temples to preach the path of virtue as defined by Jainism. Donations are collected in order to promote charitable missions like saving cows from slaughter or helping to feed poor people. Ancient Jain temples across India typically see an extremely high volume of practitioners come to pay their respects and join in the celebrations.[11] Ahimsa runs and rallies preaching Mahavira's message of Ahinsa (non-violence) are taken out on this day, as per Wikipedia.
Bank Holidays This Week:
As per RBI list, banks will be closed on April 10th due to Mahavir Janmakalyanak/Mahavir Jayanti . However, not every city in India will have bank holiday on this day. As per the central bank's list, on coming Thursday, banks will be closed in cities like Ahmedabad, Aizawl, Belapur, Bengaluru, Bhopal, Chennai, Jaipur, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Raipur, and Ranchi.
Banks will be opened in cities like Agartala, Bhubaneswar, Chandigarh, Dehradun, Gangtok, Guwahati, Andhra Pradesh, Telangana, Imphal, Itanagar, Jammu, Kochi, Kohima, Panaji, Patna, Shillong, Shimla, Srinagar, and Thiruvananthapuram.
Saturday Bank Holiday:
As per RBI guidelines, weekend holidays of banks are unique with second and fourth Saturdays declared as holidays, including all Sundays. If there are five Saturdays in a month, then the fifth Saturday also becomes a working day.
Since banks will be closed in India on April 12th, the second Saturday of the month, payment systems will not be operated onsecond and fourth Saturdays but would operate for full day on working Saturdays. Payment systems typically includes Real Time Gross Settlement (RTGS), National Electronic Fund Transfer (NEFT), Cheque Clearing operated by various Bankers' Clearing Houses in the country including the grid based Cheque Truncation System (CTS) and ECS suite [Electronic Clearing Service (ECS), Regional Electronic Clearing Service (RECS) and National Electronic Clearing Service (NECS)].
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