Hyderabad, February 1: Banks would remain closed for atleast 12 days in the month of February 2021. These include the four Sundays along with the second and fourth Saturday.
Bank holidays February 2021: 6 additional days:
- February 12: Losar/Sonam Lochhar. Only in Gangtok
- February 15: Lui-Ngai-Ni. Only in Imphal
- February 16: Saraswati Puja (Shree Panchami)/Basanta Panchami. Only in Agartala, Bhubaneswar, and Kolkata
- February 19: Chhatrapati Shivaji Maharaj Jayanti. Only in Belapur, Mumbai and Nagpur.
- February 20: State Day. Only in Aizawl
- February 26: Birthday of Md. Hazarat Ali. Only in Lucknow and Kanpur
During the region-specific holidays, banks of that particular region will remain closed while banks on other regions will remain operational. Though all regular operations will remain closed during these holidays, mobile and internet banking will remain functional on most days.
Also, not necessarily ATM machines might disburse cash. So, to avoid such a situation one must keep some cash in case of an emergency.
In this month, there is no national holiday on which banks across the country will remain closed. The bank holidays are listed by the State Government, Central Government, and Union Territories under the Negotiable Instruments Act, 1881.
Bank holidays February 2021:
It is known that the Bank holidays are of two types -national and state-specific. In the case of national holidays, all the banks across the nation are closed.
According to the RBI guideline, banks remain shut on public holidays while certain holidays vary from state to state. All-India holidays include Republic Day (January 26), Independence Day (August 15), and Gandhi Jayanti (October 2), Christmas Day (December 25).
Festivals like Diwali, Christmas, Eid, Guru Nanak Jayanthi, Good Friday, and so on are also bank holidays. Aside from National Holidays, both private and public sector banks remain closed on the second, fourth Saturday, and all Sundays of each month. In this month, there is no national holiday on which banks across the country will remain closed.