Bank Holiday List: Some bank holidays are under the ‘National Holiday’ category and some holidays/festivals are related to a particular state or region. On holidays related to a particular region, only the banks of a particular state or region remain closed. Online or internet banking, mobile banking, UPI service, i.e. overall digital banking remains operational during bank holidays.
Bank Holiday Today: Wednesday, February 19 is the birth anniversary of Chhatrapati Shivaji Maharaj. Banks will remain closed in Maharashtra on this occasion. Chhatrapati Shivaji Maharaj was a great warrior, ruler and founder of the Maratha Empire. He established Hindavi Swarajya. According to the holiday list of the Reserve Bank of India (RBI), Shivaji Maharaj’s birth anniversary is recognized as a holiday under the Negotiable Instruments Act, 1881.
Some bank holidays are under the ‘National Holiday’ category and some holidays/festivals are related to a particular state or region. Only banks of a particular state or region remain closed on holidays related to a particular region.
Are banks closed in other states as well
The bank holiday for Chhatrapati Shivaji Maharaj Jayanti applies only to Maharashtra. In other states, banks and businesses will operate normally on February 19, unless the state governments declare a local holiday. Chhatrapati Shivaji Maharaj Jayanti is celebrated every year on February 19 across Maharashtra. On this occasion, processions, tableaux, cultural programs and speech competitions are organized in Maharashtra.
Digital banking will continue
During bank holidays, online or internet banking, mobile banking, UPI service, i.e., overall digital banking remains operational. Only bank branches remain closed. Due to this, customers cannot physically go to the bank and get their work done.
How many more holidays in the rest of February
20 February: Statehood Day/State Day – Banks closed in Mizoram, Arunachal Pradesh
22 February: Fourth Saturday of the month – Banks closed across the country
23 February: Sunday – Banks closed across the country
26 February: Mahashivratri – Banks closed in the rest of the country except Tripura, Tamil Nadu, Sikkim, Assam, Manipur, Arunachal Pradesh, Nagaland, West Bengal, Delhi, Goa, Bihar, Meghalaya.
28 February: Losar – Banks closed in Sikkim
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