Banks closed for 16 days in January: Check list of bank holidays in first month of year 2020

By: |
December 30, 2019 6:31 PM

In the upcoming month of January, banks in India will remain closed for 16 days, which constitutes ten public holidays and four Sundays along with the second and fourth Saturdays.

Flashback 2019: Key changes and incidents of banking sector in india during 2019, repo rate linked loan, continuous cut in repo rate, bank merger, rbi's new guidelines on atm transaction, PMC, RTGS, NEFTAccording to the Reserve Bank of India, these holidays may differ from state to state and might also be different in various banks.

In the upcoming month of January, banks in India will remain closed for 16 days, which constitutes ten public holidays and four Sundays along with the second and fourth Saturdays. According to the Reserve Bank of India, these holidays may differ from state to state and might also be different in various banks. While some cities may see only two-three holidays in the month, cities like Mumbai, Delhi, Belapur, Bhopal, Dehradun, Jaipur, Jammu, Lucknow, Raipur, Srinagar, Shimla and Thiruvananthapuram are unlikely to see any closure on public holidays. Customers are advised to plan their bank visits accordingly to avoid any trouble. The banks will be closed on the following dates:

  • January 1: New Year’s Day
  • January 2: Guru Govind Singh Ji Birthday
  • January 5: Sunday
  • January 7: Imoinu Iratpa
  • January 8: Gaan-Ngai
  • January 10: Second Saturday
  • January 11: Sunday
  • January 14: Makar Sankranti
  • January 15: Uttarayaana Punyakaala Makara Sankranti Festival/Pongal/Magh Bihu and Tusu Puja
  • January 16: Thiruvalluvar Day
  • January 17: Uzhavar Thirunal
  • January 19: Sunday
  • January 23: Birthday of Netaji Subhas Chandra Bose
  • January 25: Fourth Saturday
  • January 26: Sunday/ Republic Day
  • January 30: Saraswati Puja/Basanta Panchami

These dates were informed by RBI under the Negotiable Instruments Act.

Also read: Modi’s Swachh Bharat, Ujjawala, other schemes push India closer to UN’s sustainability for all dream

Further, for the first quarter of January-March of the year 2020, banks are closed for 27 holidays, other than Sundays and 2nd and 4th Saturdays. India’s banking population doubled from 2011 to reach 80 per cent by 2017, as per the RBI data. Come 2018, around 66 per cent of about 536 million no-frills accounts were Jan Dhan accounts.

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