Bank Holidays Update – Banks will be closed for 2 days this week, check the list

Bank Holidays Update: The last week of February has begun. This month will continue until February 28th, after which March will begin. Banks will be closed for two days this week. So, if you have pending banking work, get it done in time. If you ever go to the bank and find it locked, you may find it closed.

No banking work will be possible during this period. Online banking services will remain available, allowing you to easily complete your work. The Reserve Bank of India has released a list of all government and private bank holidays this month, including the State Bank of India.

Banks will be closed for two days this week.

According to the Reserve Bank of India, unless a specific government or regional holiday is declared, banks are open on the first, third, and fifth Saturdays of every month. Sometimes, state-level events also cause bank holidays. This is why holidays vary across states.

Therefore, to be prepared for emergencies or extended holidays, it’s best to check with your local bank branch for their approved holiday schedule or list.

Banks will be closed for two days.s

Banks will be closed for two days this week. According to the RBI calendar, February 28th will be a holiday due to the fourth Saturday. The following day, Sunday, is a weekly holiday. This means that banks will be completely closed for two consecutive days. Users will only be able to conduct their transactions through online services.

Which facilities will be available?

Due to the bank holiday, only online services will be available. Online and mobile banking services will remain operational unless users are notified otherwise due to technical or other reasons.

If account holders need cash in an emergency, they can withdraw it by visiting an ATM. ATM services remain available even on holidays. Transactions can also be made through apps and UPI.

For your information, the Indian Central Bank’s annual holiday calendar is declared under the Negotiable Instruments Act, which governs the issuance of checks and promissory notes. Hence, transactions involving these instruments are not available during these listed holidays.