Bank Holidays December 2023: Banks To Remain Closed For 18 Days; Check List Here – News18

Banks Holiday In December 2023: During the month of December, banks in India will stay closed for a complete of 18 days. Individuals planning to go to the financial institution for pressing issues needs to be conscious of the desired vacation dates. It’s essential for financial institution prospects to notice that though bodily branches shall be closed on these upcoming holidays, digital companies akin to cellular banking, UPI and web banking will stay operational with none disruptions.

Reserve Bank of India (RBI) has recognized sure holidays in December, resulting in financial institution closures:

• December 01- There shall be a financial institution vacation in Arunachal Pradesh and Nagaland as a result of State Inauguration Day.
• December 03- Banks will stay closed as a result of first Sunday of the month.
• December 04- Banks will stay closed in Goa as a result of St. Francis Xavier Festival.
• December 05- Second Saturday of the month and shall be a financial institution vacation.
• December 10- There shall be a financial institution vacation resulting from Sunday.
• December 12 – There shall be a financial institution vacation in Meghalaya resulting from Pa-Togan Nengminja Sangma.
• December 13- There shall be a financial institution vacation in Sikkim resulting from Losung/Namsung.
• December 14- There shall be a vacation for banks in Sikkim resulting from Losung/Namsung.
• December 17- Banks will stay closed throughout the nation resulting from Sunday.
• December 18- There shall be a financial institution vacation in Meghalaya as a result of demise anniversary of U Soso Tham.
• December 19- There shall be a vacation for banks in Goa resulting from Liberation Day.
• December 23- Fourth Saturday of the month, banks will stay closed throughout the nation.
• December 24- Bank vacation throughout the nation resulting from Sunday.
• December 25- There shall be a vacation for banks throughout the nation resulting from Christmas.
• December 26- Due to Christmas celebrations, banks won’t open in Mizoram, Nagaland and Meghalaya.
• December 27- Bank vacation in Nagaland resulting from Christmas.
• December 30- Banks won’t open in Meghalaya in view of U Kiang Nangbah.
• December 31- There shall be a financial institution vacation resulting from Sunday.

December Bank Holiday 2023: Second Saturdays and Sundays

• December 3: Sunday
• December 9: Second Saturday
• December 10: Sunday
• December 17: Sunday
• December 23: Fourth Saturday
• December 24: Sunday
• December 31: Sunday

Bank Strike December 2023

Earlier, the All India Bank Employees’ Association (AIBEA) had known as for a 6-day nationwide strike in December, affecting totally different banks on totally different dates.

However, a number of media experiences counsel that unions have determined to defer the strike in December and January 2-6, 2024, respectively, as IBA is believed to have agreed to their calls for.

Reportedly, the all-India strike on January 19 and 20 subsequent yr, stands deliberate in accordance with the schedule.

Bank closure deliberate if financial institution-smart strike occurs in December;

• December 4: Punjab National Bank (PNB), Punjab and Sind Bank, State Bank of India (SBI)
• December 5: Bank of Baroda, Bank of India
• December 6: Canara Bank, Central Bank of India
• December 7: Indian Bank, UCO Bank
• December 8: Union Bank of India, Bank of Maharashtra
• December 11: All Private Banks

The RBI classifies holidays into three classes: Holidays beneath the Negotiable Instruments Act, Holidays beneath the Negotiable Instruments Act and Real-Time Gross Settlement Holiday, and Banks’ Closing of Accounts.

The prevalence of financial institution holidays differs amongst states, contingent on the festivals noticed in particular areas. On gazetted holidays, banks stay closed nationwide.