Banks will remain closed for 11 days in January across many states. These include all Sundays and second-fourth Saturdays. The holidays vary from region to region depending upon the festival being observed there or the notification of specific occasions in those states.
The Reserve Bank of India (RBI) prepares a list of holidays for every month. According to the RBI, bank holidays are notified under three categories – Negotiable Instruments Act, Holiday, Real Time Gross Settlement Holiday and Banks’ Closing of Accounts.
As per the RBI’s list of bank holidays for January, banks will not operate on 11 days this month. These days, all branches of private, public, foreign, cooperative, and regional banks will remain shut. Banks will be closed for four days on regional and national holidays. These include New Year’s celebration, Republic Day, Imoinu Iratpa, and Gaan-Ngai.
Customers are advised to plan their bank-related work accordingly to avoid any inconvenience. However, it must be noted that even when the banks are shut on holidays, services like online banking, UPI, net banking, and ATMs will be available to customers.
Here is the complete list of bank holidays for January 2023.
January 1: First Sunday
January 8: Second Sunday
January 14: Second Saturday
January 15: Third Sunday
January 22: Fourth Sunday
January 28: Fourth Saturday
January 29: Fifth Sunday
National and Regional Holidays
January 2: New Year’s Celebration – Aizawl
January 3: Imoinu Iratpa – Imphal
January 4: Gaan-Ngai – Imphal
January 26: Republic Day – Ahmedabad, Aizawl, Belapur, Bengaluru, Gangtok, Guwahati, Hyderabad, Imphal, Jaipur, Kanpur, Lucknow, Mumbai, Nagpur, New Delhi, Panaji, Patna, Raipur, Ranchi, Shillong, Shimla, and Thiruvananthapuram.
In February 2023, banks will remain closed for four days due to regional and national holidays. These are Lui-Ngai-Ni, Mahashivratri (Maha Vad-14)/Sivarathri, State Day, and Losar.
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