Banks are set for a three-day lengthy weekend beginning this Friday, with a complete of 16 holidays allotted to banks in January 2024, together with the second and fourth Saturdays, Sundays, and different regional holidays. The checklist of financial institution holidays is launched by the Reserve Bank of India (RBI) and is decided by components akin to nationwide or state holidays, cultural or spiritual observances, operational necessities, authorities bulletins, and coordination with different banks.
In Uttar Pradesh (UP), banks will probably be closed for 4 days beginning January 25 for Hazrat Ali’s birthday. Therefore, people are suggested to full any crucial banking transactions on January 24.
Here are the financial institution holidays for this week:
- January 25 (Thursday): Thai Poosam/Birthday of Md. Hazarat Ali – Banks are closed in Tamil Nadu, Maharashtra, Uttar Pradesh.
- January 26 (Friday): Republic Day – Banks are closed nationwide.Â
- January 27 (Fourth Saturday): Banks are closed.
- January 28 (Sunday): Banks are closed.
Republic Day, falling on a Friday this yr, leads to a protracted weekend for banks as it’s adopted by the fourth Saturday and Sundays. While bodily financial institution branches could also be closed on these holidays, on-line banking services will nonetheless be obtainable. Customers can use cellular banking for numerous transactions. However, for any documentation work, it is advisable to plan accordingly primarily based on the checklist of holidays. The Reserve Bank of India (RBI) has offered the checklist of financial institution holidays for 2024 on its official web site.
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