In January 2024, banks across India will be closed for a total of 16 days. Individuals with urgent banking requirements should take note of the scheduled holiday dates. While physical branches will be inaccessible on these specified holidays, essential digital services like mobile banking, UPI, and Internet banking will remain operational without any disruption.
The Reserve Bank of India (RBI) classifies holidays into three categories: Holidays under the Negotiable Instruments Act, Holidays under the Negotiable Instruments Act and Real-Time Gross Settlement Holiday, and Banks’ Closing of Accounts. It’s important to stay informed about these holidays to plan your banking activities accordingly.
Key bank holidays in India include Republic Day on January 26, Independence Day on August 15, Gandhi Jayanti on October 2, and Christmas on December 25. These national holidays celebrate significant events and individuals in Indian history.
Apart from these, banks also observe closures on various religious festivals such as Diwali, Dussehra, Eid, Ganesh Chaturthi, Buddha Purnima, among others. It’s important to remember that the dates of these festivals fluctuate annually.
During the month of January 2024, it is essential to note the bank holidays in order to avoid any inconveniences. The following is the complete list of bank holidays for the month:
1. January 1: New Year’s Day
2. January 5: Guru Gobind Singh Jayanti
3. January 7: Sheikh Mohammad Abdullah’s Birthday
4. January 14: Makar Sankranti/Pongal/Magh Bihu
5. January 15: Thiruvalluvar Day/Magh Bihu/Makar Sankranti
6. January 20: Guru Gobind Singh Jayanti
7. January 21: Karthika Purnima/Guru Govind Singh Jayanti
8. January 22: Basant Panchami/Sri Panchami
9. January 23: Netaji Subhas Chandra Bose Jayanti
10. January 25: Sonam Lhochar/Losar
11. January 26: Republic Day
12. January 29: Vasant Panchami/Birth Anniversary of Sir Chhotu Ram Ji
13. January 30: Gauna Guru Ravidas Jayanti
On these days, banks will remain closed, and customers are advised to plan their banking activities accordingly. It’s important to rely on digital banking services like mobile banking, UPI, and Internet banking for any urgent transactions or inquiries during these holidays.
In conclusion, banks in India will remain closed for 16 days in January 2024. It is crucial for individuals to be aware of these bank holidays to effectively manage their banking needs. While physical branches will be closed, digital banking services will continue to operate seamlessly.
