- The financial institution holidays are listed by the state authorities, Central authorities, and union territories below the Negotiable Devices Act, 1881.
By hindustantimes.com | Written by Susmita Pakrasi, New Delhi
UPDATED ON FEB 01, 2021 06:49 AM IST
Banks in India will stay closed for at the very least 12 days in February 2021, together with 4 Sundays, two Saturdays and 6 holidays which shall be noticed in numerous areas. In line with the vacation listing of the Reserve Financial institution of India (RBI) in 2021, banks will stay shut for greater than 40 days.
Financial institution holidays are of two sorts. The primary kind is the state vacation and the second is the nationwide vacation. State holidays are solely state-specific, which can or is probably not financial institution holidays relying on which state you reside in. Whereas nationwide holidays are those on which all of the banks throughout the nation are non-operational.
The financial institution holidays are listed by the state authorities, Central authorities, and union territories below the Negotiable Devices Act, 1881.
Non-public and authorities banks will stay closed for six days in February 2021 because of the regional holidays. They will even have periodic offs on the second and fourth Saturdays and Sundays of each month.
Right here is the complete listing of holidays in February:
February 12 (Friday): Losar/Sonam Lochhar. Solely banks in Gangtok will stay closed.
February 15 (Monday): Lui-Ngai-Ni in Imphal.
February 16 (Tuesday): Saraswati Puja in Agartala, Bhubaneswar, Kolkata.
February 19 (Friday): Chhatrapati Shivaji Maharaj Jayanti. Banks in Mumbai, Nagpur, Belapur will stay closed.
February 20 (Saturday): State Day of Mizoram on which banks in Aizawl will stay closed.
February 26 (Friday): Banks in Kanpur and Lucknow will stay closed on the event of the birthday of Md Hazarat Ali.
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