The commercial banks will remain closed for four days next week on account of state-specific holidays and weekends. The bank customers must note that every year, the Reserve Bank of India (RBI) releases a calendar of bank holidays for all banks to follow. Branches of all private and public sector banks, cooperative banks, regional banks, and even foreign banks remain closed these days. The customers must be knowing that some of these banking holidays depend on region-specific festivals. In total, there are 16 bank holidays in the month of January this year, including weekly offs. Apart from regional festivals like Losoong, Bihu, and Makar Sankranti, all banks across the country will remain closed on January 26 on account of Republic Day as well.
As per the RBI holiday calendar, the banks will remain closed on January 11, 2022, in Aizwal due to Missionary Day. The banks will also remain shut on January 12, 2022, in Kolkata on account of Swami Vivekananda’s birthday.
Moreover, the banks will remain shut on January 14, 2022, in Ahmedabad, Chennai, Imphal on account of Makar Sankranti/Pongal. And on January 15, 2022, the banks will observe a holiday in Bengaluru, Chennai, Gangtok, Guwahati, Imphal, and Hyderabad on account of Uttarayaana Punyakaala Makar Sankranti Festival/Maghe Sankranti/Sankranti/Pongal/Thiruvalluvar Da. Significantly, the Central Bank has classified the bank holidays under three categories such as Holiday under Negotiable Instruments Act and Real-Time Gross Settlement Holiday, Holiday under Negotiable Instruments Act, and Banks’ Closing of Accounts.
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