Bank Holiday: Will banks be closed tomorrow, Saturday, February 28th? Most people are confused about whether banks will be open on Saturdays. Tomorrow, February 28th, is the fourth Saturday of the month.
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Bank Holiday: Will banks be closed tomorrow, Saturday, February 28th? Many people are confused about whether banks will be open on Saturdays. Tomorrow, February 28th, is the fourth Saturday of the month. Banks are closed on fourth Saturdays. In India, bank branches are closed on the second and fourth Saturdays of every month. Therefore, bank branches across the country will remain closed on this day. However, essential customer services will continue despite bank closures. Cash withdrawals can be made available from ATMs. UPI, mobile banking, and internet banking services will also remain operational. This means that digital transactions will remain unaffected.
Bank holidays in India are determined by the Reserve Bank of India (RBI). This calendar is issued under the Negotiable Instruments Act, 1881. Some holidays apply nationwide, while others are for state-specific festivals or local reasons. Customers are advised to complete essential banking work in advance. Also, check the holiday information of your city’s branch in advance to avoid any inconvenience.
