There will be no capital market settlement on January 15 due to Municipal Corporation Elections in Maharashtra. However, trading will continue as per schedule on January 15.
In a notification, the National Stock Exchange (NSE) said that January 15 will be a settlement holiday.
“Members are requested to note that January 15, 2026 shall be a settlement holiday on account of Municipal Corporation Elections in Maharashtra. In view of the same there will be no settlement in T+0 settlement number 2026511 on January 15, 2026.” NSE notified.
The stock exchanges will be shut for trading on January 26 next.
Is 15 January a bank holiday also?
In Maharashtra, the banks will be closed on January 15 as the government has declared a state holiday. The government has announced a public holiday on January 15, 2026, to facilitate local body elections. The holiday has been declared under Section 25 of the Negotiable Instruments Act, 1881.
This holiday applies to all 29 municipal corporations in Maharashtra, including Mumbai City and Mumbai Suburban districts that fall under the Brihanmumbai Municipal Corporation
In addition to Maharashtra, Banks in Bengaluru, Chennai, Gangtok, Hyderabad, and Vijayawada will remain closed due to festivals such as Uttarayana Punyakala, Pongal, Maghe Sankranti, and Makara Sankranti.
Bank holidays next week
According to the RBI calendar, banks in Lucknow will be closed on January 12 in observance of Swami Vivekananda Jayanti. On January 14, in observance of Makar Sankranti, banks will be closed in Ahmedabad and Bhubaneswar. Banks will also be shut in Guwahati and Itanagar for the festival of Magh Bihu.
On January 16, due to the festivals of Thiruvalluvar Day and Kanuma, banks in Chennai and Vijayawada will remain closed.
On January 17, Banks across the country will continue their regular operations, as it falls on a third Saturday. However, banks in Chennai will remain closed to mark Uzhavar Thirunal.
It is essential to note that while physical bank branches may be closed, customers can continue to use their online banking services without interruption. Furthermore, ATMs will continue to operate according to their normal schedule and timings.
Additionally, banks will continue to follow their usual weekly closure schedule. Financial institutions will remain shut across the country on Sundays- January 11, 18, and 25, as well as on the second and fourth Saturdays, January 10 and 24.