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Bank Holidays February 2021: RBI says Banks to remain closed on THESE days | Check state-wise lists
Bank Holiday February 2021:Â The Reserve Bank of India (RBI) has announced the list of banks holidays in the month of February, 2021. In this month, banks will remain closed for at least 12 days, including four Sundays, two Saturdays. Of these, six holidays will be observed at different regions in February.
However, in this month, there is no national holiday on which banks across the country will remain closed. Several occasions like Chhatrapati Shivaji Maharaj Jayanti, Md Hazrat Ali birth anniversary, Basant Panchami, etc will be celebrated in the month of February due to which banks will remain closed.Â
Highlights
Holidays also depend on specific state festivals.
Plan bank transaction activities in a better way.
New Delhi: The Reserve Bank of India (RBI) has mentioned some days when the banking operations will remain closed in the month of February 2021.
However, it must be noted that the bank holidays vary in various states as well not observed by all the banking companies. Banking holidays also depend on the festivals being observed in specific states or notification of specific occasions in those states.
In total, banks would be closed for 6 days. Reserve Bank of India places its Holidays under three brackets Holiday under Negotiable Instruments Act; Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday; and Banks’ Closing of Accounts.