Bank holidays can cause delays in processing transactions like deposits, transfers, and checks. Knowing about a holiday beforehand allows you to plan. While online banking offers some flexibility, some things still require a visit to a physical branch. Knowing bank holiday closures helps you avoid wasted trips and ensures you can conduct your business on a different day.
Is every Saturday a bank holiday in India?
As per the directives of the Reserve Bank of India, banks in India remain closed on the second and fourth Saturdays of every month, along with all Sundays, except for National and state-specific holidays.
Is it a bank holiday on April 20, 2024 (Saturday)?
April 20, 2024, falls on a third Saturday, which is not designated as a bank holiday. As per RBI regulations, the first, third, and fifth (where applicable) Saturdays of each month are considered working Saturdays.
There are exceptions though, like banks in the state of Tripura which will be closed on account of Garia Puja.
The list of holidays is prepared by the RBI for every month. It is notified under three categories namely Negotiable Instruments Act, Holiday, Real Time Gross Settlement Holiday and Banks’ Closing of Accounts.
April 2024 bank holidays
Banks across various states will remain closed for a total of 14 days in April. These closures include public holidays, regional holidays, and regular closures on second and fourth Saturdays and all Sundays. In the case of state-specific festivals, the banks will remain shut only in those states, while during national festivals like Eid-Ul-Fitr, Ram Navami and Baisakhi, banks were shut across the country.
Here are some additional points to consider:
- Online Banking: Even if the physical branch is closed, online banking services are usually available 24/7. You can manage accounts, transfer funds, and pay bills electronically.
- ATM Services: ATMs typically operate throughout the week, including weekends and holidays. You can withdraw cash or check your account balance using your debit card.
- Branch Hours: Even on weekdays, banks might have shorter operating hours on Saturdays. It’s recommended to check with your specific branch for their weekend timings. You can find this information on the bank’s website or mobile app.
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