Bank Holiday Update: Big news for bank customers. The RBI has announced a bank holiday today, Monday, April 20th. Banks in Karnataka are not operating today due to Basava Jayanti and Akshaya Tritiya. So, if you reside in Karnataka, it’s best to refrain from visiting the bank today. Now, looking ahead to tomorrow, April 21st, banks will again be closed. The RBI has also designated April 21st as a bank holiday. Let’s explore where and why banks will be closed today, April 21st.
Key Takeaways
Quick Read- Why are banks closed today, April 21?
- What is the RBI rule?
On April 21st, banks will be closed in just one state. The RBI has declared a bank holiday in only one state, Tripura. Therefore, if you are in Tripura, do not plan to visit the bank today. Banks will be open across the rest of the country, except for Tripura.
Why are banks closed today, April 21?
Banks in Tripura will be closed today, April 21st, in observance of Garia Puja. The RBI has announced a holiday for banks in Tripura tomorrow due to Garia Puja. This festival is one of the oldest and most significant tribal celebrations in Tripura, held annually in April. It spans seven days and is dedicated to honoring Baba Garia, the deity of wealth, prosperity, and livestock.
The festival aims to ensure bountiful harvests and prosperity for the community.It’s important to remember that the Reserve Bank of India (RBI) publishes a list of bank holidays, which specifies which banks will be closed on which days and for what reasons in various cities. Therefore, before heading to the bank on any given day, make sure to check the RBI bank holiday list.
What is the RBI rule?
As per Reserve Bank of India (RBI) regulations, all public and private banks in the country are closed on the second and fourth Saturdays of every month. This includes commercial banks, co-operative banks, regional rural banks (RRBs), small finance banks, and local area banks. Furthermore, different states also observe bank holidays based on local festivals and special occasions.
However, digital banking services are not affected during these holidays. Facilities like RTGS and NEFT, which are used to transfer money between banks, are operational 24 hours a day, seven days a week. This arrangement has been in effect since December 2020, allowing customers to transfer money any day and at any
