Bank Holidays in February 2023: Banks will remain closed for 10 days out of 28 days of February, checklist before knowing
Bank Holidays in February 2023: If you want to do some important work related to the bank, then this news can be very important for you. In fact, out of only 28 days in the month of February, 10 days will be bank close.
Highlights
- Banks are closed on the second and fourth Saturday of every month in India.
- Also, every Sunday is also a bank holiday.
- Some holidays are only state-wise while some are of national level.
Bank Holidays in February 2023: If you want to do some important work related to the bank, then this news can be very important for you. In fact, out of only 28 days in the month of February, 10 days will be bank close. Many bank branches will remain closed in different states due to festivals. Banks in the country will have many holidays this year. Bank holidays also depend on the state in which its branch is located. Some holidays are only state-wise while some are of national level.
Banks are closed on the second and fourth Saturday of every month in India. Also, every Sunday is also a bank holiday. Banks will remain closed for 10 days including second and fourth Saturdays and all Sundays. As per the details shared by the Reserve Bank of India (RBI), the services of private and public sector banks will be restricted for a few days in the month of February. Reserve Bank of India (RBI) has released the list of bank holidays on the official website https://www.rbi.org.in/.
However, RBI has clearly indicated that it will not be applied uniformly across India and will differ across states and regions. Many festivals will be celebrated in different states across the country. Hazrat Ali Jayanti, Guru Ravidas Jayanti, Lui Ngai Ni, Mahashivaratri, Losar, and many more important festivals are among them. Bank holidays in February 2023 will vary by state and territory as some holidays will be considered nationwide public holidays while others will be local holidays.
Bank Holidays in February 2023:
5 February: Hazrat Ali Jayanti, Guru Ravidas Jayanti (Sunday)
11 February: Second Saturday
12 February: Sunday
15 February: Lui Ngai Ni (Manipur)
18 February: Mahashivratri
19 February: Chhatrapati Shivaji Maharaj Jayanti (Sunday)
February 20: Statehood Day (Arunachal Pradesh, Mizoram)
February 21: Losar (Sikkim)
February 25: Fourth Saturday
February 26: Sunday
Strike on January 30 and 31
Banks will not function for two consecutive days before the budget is presented on February 1. Actually, bank employees are going to go on strike on the 30th and 31st of January i.e. Monday and Tuesday. The functioning of the bank branch can be affected if the bank employees go on strike.
Regarding this, the country’s largest public sector bank SBI said that the 2-day strike called by the Union Forum of Bank Unions on January 30-31 may affect the workers in their branch. Bank branch employees from all over the country are going to participate in this strike of bank employees. It would be better if the customers settle their work related to the branch beforehand.
