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.