There will be 10 bank holidays spread throughout several states in the country in February, including the second and fourth Saturdays and all Sundays. Additionally, just one Saturday will be working for banks this month due to three consecutive Saturdays being bank holidays. But not all states will observe the same holidays. State governments designate bank holidays in addition to national holidays; a few state-specific holidays have banks closed.
According to the RBI holiday list, banks will be closed in a few selected states on the occasions of Lui-Ngai-Ni, Mahashivratri (Maha Vad-14)/Sivarathri, State Day, and Loser.
Full list of bank holidays in February 2023
February 5 (Sunday)- Banks will remain closed across India.
February 11 (Second Saturday)- Banks will remain closed across India.
February 12 (Sunday)- Banks will remain closed across India.
February 15 (Wednesday) - On the occasion of Lui-Ngai-Ni, banks in Imphal will remain closed.
February 18 (3rd Saturday) - On the occasion of Mahashivratri, banks will be closed in most of the states except Tripura, Mizoram, Chandigarh, Tamil Nadu, Sikkim, Assam, Manipur, Rajasthan, Bengal, Delhi, Goa, Bihar, and Meghalaya.
February 19 (Sunday)- Banks will remain closed across India.
February 20 (Monday) - Banks will be closed in Imphal on the occasion of Lui-Ngai-Ni.
February 21 (Tuesday) - Banks will remain closed in Sikkim on the occasion of Losar.
February 25 (Fourth Saturday)- Banks will remain closed across India.
February 26 (Sunday)- Banks will remain closed across India.
A list of bank holidays is made available by the RBI on its website. The bank holidays for every state for the entire year are announced by the central bank.
The Real-Time Gross Settlement Holiday, Banks' Closing of Accounts Holiday, and Holidays Under the Negotiable Instruments Act have been used to categorize all bank holidays under the Negotiable Instruments Act of 1881.
Republic Day (26 January), Independence Day (15 August), and Mahatma Gandhi Jayanti are the three national holidays celebrated in India
Even when banks are closed, you can still conduct the majority of financial and non-financial activities using online banking and mobile banking. You must, however, have active net banking and mobile banking services with login information in order to do this. Bank customers are advised to plan all of their bank-related tasks around these holidays to prevent delays in their work.
