Bank Holidays, Mahashivratri 2025: Why Banks Will Be Closed For Two Days This Week; Check City Wise List, Date

Bank holidays vary from state to state, so not all banks need to be closed on public holidays across India. But on national holidays like Independence Day, Republic Day, or Gandhi Jayanti, all banks are compulsorily closed across India irrespective of state or city. National holidays are generally fixed and practised by every state.

It is RBI that decides the holidays of Indian banks. Apart from second and fourth Saturdays, RBI identifies special occasions as holidays under three categories namely - Holiday under the Negotiable Instruments Act; Holiday under the Negotiable Instruments Act and Real Time Gross Settlement Holidays; and Banks' Closing of Accounts. These special holidays are in most cases public holidays and national holidays.

Also, as per the RBI guidelines, banks will be closed on two Saturdays of a month and open on the rest of the Saturdays of the same month. In case, there are five Saturdays in a month, then banks will be opened on three Saturdays.