INDIA BANK HOLIDAY 2023

Date Day Holiday 14 January 2023 Saturday Second Saturday 26 January 2023 Thursday Republic Day 28 January 2023 Saturday Fourth Saturday 11 February 2023 Saturday Second Saturday 25 February 2023 Saturday Fourth Saturday 8 March 2023 Wednesday Holi 11 March 2023 Saturday Second Saturday 25 March 2023 Saturday Fourth Saturday 30 March 2023 Thursday Ram Navami 4 April 2023 Tuesday Mahavir Jayanti 7 April 2023 Friday Good Friday 8 April 2023 Saturday Second Saturday 14 April 2023 Friday Dr Ambedkar Jayanti 22 April 2023 Saturday Fourth Saturday 22 April 2023 Saturday Id-ul-Fitr 1 May 2023 Monday May Day/Labour Day 5 May 2023 Friday Buddha Purnima 13 May 2023 Saturday Second Saturday 27 May 2023 Saturday Fourth Saturday 10 June 2023 Saturday Second Saturday 24 June 2023 Saturday Fourth Saturday 29 June 2023 Thursday Bakrid/Id-ul-Zuha 8 July 2023 Saturday Second Saturday 22 July 2023 Saturday Fourth Saturday 29 July 2023 Saturday Muharram 12 August 2023 Saturday Second Saturday 15 August 2023 Tuesday Independence Day 26 August 2023 Saturday Fourth Saturday 7 September 2023 Thursday Janmashtami (Vaishnva) 9 September 2023 Saturday Second Saturday 23 September 2023 Saturday Fourth Saturday 28 September 2023 Thursday Milad-un-Nabi or Id-e-Milad 2 October 2023 Monday Mahatma Gandhi’s Birthday 14 October 2023 Saturday Second Saturday 24 October 2023 Tuesday Dussehra 28 October 2023 Saturday Fourth Saturday 11 November 2023 Saturday Second Saturday 25 November 2023 Saturday Fourth Saturday 27 November 2023 Monday Guru Nanak’s Birthday 9 December 2023 Saturday Second Saturday 23 December 2023 Saturday Fourth Saturday 25 December 2023 Monday Christmas Day Credit score Types of Bank Holidays 2023 Bank holidays are of two types: National Holidays and Government Holidays. India observes three national holidays that include 1) Republic Day 2) Independence Day and 3) Mahatma Gandhi Jayanti. National holidays are also known as Gazetted holidays. Banks and other types of financial institutions remain shut on national holidays. Government holidays are further classified as state government bank holidays and Central Government bank holidays. State government bank holidays differ amid Indian states whereas Central Government bank holidays are commonly observed across the country. Maharashtra Day is a bank holiday in Maharashtra. Goa Liberation Day is a bank holiday in Goa, while Haryana Day is a bank holiday in Haryana. RTGS and NEFT Holidays 2023 RTGS stands for Real Time Gross Settlement whereas NEFT stands for National Electronic Funds Transfer. Both RTGS and NEFT allow people to transfer cash from one bank to another. The Reserve Bank of India maintains both NEFT and RTGS. Now, the RTGS & NEFT system is available 24x7 from December 14, 2020. Note: The services of RTGS and NEFT can be used on other types of bank holidays. If an individual transfers money on a bank holiday, money gets credited to the receiver's account but the sender may get the receipt on the following bank working day. List of Trading Holidays 2023 BSE Holiday List 2023 NSE Holiday List 2023 MCX Holiday List 2023 Bank Holidays on the Second and Fourth Saturdays In addition to the aforementioned bank holidays, banks also remain shut on the second and fourth Saturdays of each month. If a month has five Saturdays, the fifth Saturday will be a bank working day. Earlier banks used to work half a day on all Saturdays. Date Holiday 14 January 2023 Second Saturday 28 January 2023 Fourth Saturday 11 February 2023 Second Saturday 25 February 2023 Fourth Saturday 11 March 2023 Second Saturday 25 March 2023 Fourth Saturday 8 April 2023 Second Saturday 22 April 2023 Fourth Saturday 13 May 2023 Second Saturday 27 May 2023 Fourth Saturday 10 June 2023 Second Saturday 24 June 2023 Fourth Saturday 8 July 2023 Second Saturday 22 July 2023 Fourth Saturday 12 August 2023 Second Saturday 26 August 2023 Fourth Saturday 9 September 2023 Second Saturday 23 September 2023 Fourth Saturday 14 October 2023 Second Saturday 28 October 2023 Fourth Saturday 11 November 2023 Second Saturday 25 November 2023 Fourth Saturday 9 December 2023 Second Saturday 23 December 2023 Fourth Saturday List of Trading Holidays 2023 Long Weekends in 2023 List of holidays 2023 Indian Postal Holidays 2023 Credit score Brief Description of Bank Holidays 2023 Republic Day: Republic Day is a gazetted holiday in India and the day celebrates the formation of the Constitution of India. Like government offices, the banks will also remain shut. In the national capital, military are organised. Schools and colleges also organise cultural events. Maha Shivaratri: Maha Shivaratri is a bank holiday observed in many parts of India. It is a yearly major festival for the Hindus, who celebrate the night of God Shiva. Holi: Holi, which is also called the festival of colours, symbolises the arrival of harvest. People play colours. While some states celebrate Holi on the 08 March. Ugadi: Ugadi is a bank holiday 2023. Andhra Pradesh, Karnataka and Telangana celebrate Ugadi as the commencement of the New Year. It called Gudi Padwa in Maharashtra. The festival is historically important for the Hindus across India. Ambedkar Jayanti: Ambedkar Jayanti fall on 14 April in 2023. On account of these two festivals, a bank holiday is observed in several states. Ambedkar Jayanti celebrates the birth of Dr. B R Ambedkar, who was the creator of the Constitution of India. Mahaveer Jayanti: Mahaveer Jayanti is a Jain festival, which honors the birth of Mahaveer, who was the last Tirthankara. It falls on 4th April. Good Friday: Good Friday is a major festival falling in the month of April 2023. The day is observed in many states across the country during the Holy Week. Vaisakhi: Vaisakhi is observed by the Sikhs and the Hindus and falls either on 13 or 14 of April every year. The day commemorates the New Year for the Sikhs. May Day: May Day is an international Workers' Day. The day falls on 1 May each year and has been promoted by the overseas labor movement. Bakrid/Eid al Adha Holiday: Bakrid/Eid al Adha Holiday is a famous Islamic festival celebrated in a majority of states. Like government offices, banks will not remain open on Bakrid/Eid al Adha. Independence Day: Needless to mention, Independence Day celebrates the independence of the country from the United Kingdom (UK). It is a bank holiday across India. Janmashtami: Janmashtami celebrates the birth of Lord Krishna. Many states in India observe this festival every year. Gandhi Jayanti: Gandhi Jayanti is a national festival. The entire India celebrates the birthday of Mahatma Gandhi, who is also addressed as the Father of the Nation. Diwali: Diwali is celebrated by the Hindus. The festival is observed on the 04 November in 2023 in various parts of India. Christmas Day: On account of Christmas, it is a bank holiday on 25 December this year. The Christians celebrate the birth of Jesus Christ. List of Monthly Holidays 2023 Holidays in January 2023 Holidays in February 2023 Holidays in March 2023 Holidays in April 2023 Holidays in May 2023 Holidays in June 2023 Holidays in July 2023 Holidays in August 2023 Holidays in September 2023 Holidays in October 2023 Holidays in November 2023 Holidays in December 2023 FAQs on Bank Holidays 2023 in India On which days are the banks in India closed? Banks in India are closed on the national holidays, regional state holidays, and on second and fourth Saturdays of every month. How many bank holidays are there in a year? The number of bank holidays may differ from bank to bank and state to state. However, some of the fixed bank holidays that all banks have are the national holidays such as Independence Day and the second and fourth Saturdays of every month. Is New Year's Day a public holiday for all banks in India? No, New Year's Day is not a public holiday for all banks in India. Will the banks be closed on a weekday if one of the public holidays fall on a weekend? No, the banks will not be closed on a weekday if one of the public holidays fall on a weekend. Are all state holidays applicable to all the banks? No, all state holidays are not necessarily accepted as bank holiday News About Bank Holidays in India Bank Holidays in January 2023 A list of all official holidays, festivals, and restricted holidays for the month of January this year (2023) has been made available by the Reserve Bank of India (RBI). Banks will be shut down for a total of 14 days in January 2023 in different states. The Birthday of Swami Vivekananda is a holiday in Kolkata celebrated on 12 January 2023, on 16 January 2023 it is Thiruvalluvar Day in Chennai, on 17 January 2023 it is Uzhavar Thirunal in Chennai, on 23 January 2023 it is Netaji Subash Chandra Bose Jayanti which is a holiday in both Tripura and West Bengal, 25 January 2023 is celebrated as the State Day in Himachal Pradesh and 26 January 2023 is celebrated as Republic Day across all states in India. Finally, on 31 January 2023, it’s a holiday in Assam for Me-Dam-Me-Phi. Banks all over India will be closed on the second and fourth Saturday and Sunday of every month. 12 January 2023 Banks to remain closed for six days in December 2022 From 24 December 2022 to 31 December 2022, banks will be closed nationwide for six days. Some holidays, notably those in the northeastern states, only apply to a few states. A bank holiday is declared on 24 December 2022 in Mizoram and Meghalaya. Banks in Haryana, Mizoram, Meghalaya, and Sikkim will be closed for Christmas and Shaheed Udham Singh Jayanti on 25 December 2022. Banks in Chandigarh will be closed on 29 December 2022, in observance of Guru Gobind Singh Ji Jayanti. Banks in Sikkim and Meghalaya will remain shut on 30 December 2022, due to Tamu Losar/U Kiang Nangbah. On 31 December 2022, banks in Manipur and Mizoram will not operate. 21 December 2022 5 December 2022 a Bank Holiday in Gujrat Banks in Gujarat will be closed on Monday, 5 December 2022, in observance of the 2022 Gujarat Legislative Assembly Elections, per the Reserve Bank of India 2022 holiday list. In order to facilitate voting on election day, the Maharashtra administration has also decided to grant Gujarat voters who work in border regions one day of paid vacation. 5 December 2022 Banks to remain shut for 12 days Due to holiday celebrations, many commercial and public sector banks will be closed on Saturday and Sunday in December. The second and fourth Saturdays and Sundays are included among the roughly 12 bank holidays that occur in December. In November, there were ten bank holidays, including the second and fourth weekends on Saturday and Sunday. Bank holidays have been set by the Reserve Bank of India (RBI) for 3, 18, 24, 26, 25, 27, 30, and 31 December. 29 November 2022 Banks will remain shut for 3 days this week There will be state-specific holidays observed due to festivals on 11 November to celebrate Kanaka Dasa Jayanti/Wangala festival. All banks will be shut down on 12 November 2022 (second Saturday) and 13 November 2022 (Sunday). 11 November 2022 Government and private banks will remain shut today on 8 November Several governments and private banks will remain closed today, 8 November, on the occasion of Guru Nanak Jayanti, Rahas Purnima, and Kartika Purnima. Most of the states will observe a holiday today due. According to the holiday calendar of the Reserve Bank of India (RBI), bank holidays will be considered today in the cities such as Mumbai, Hyderabad, Kolkata, New Delhi, Bhubaneswar, Chandigarh, Dehradun, Jaipur, Kanpur, Nagpur, Raipur, Ranchi, Shimla, Jammu, Srinagar, Aizawl, Belapur, and Bhopal. Bank will be operational today on Guru Nanak Jayanti in the cities such as Gangtok, Guwahati, Imphal, Agartala, Shillong, Chennai, Bengaluru, Ahmedabad, Thiruvananthapuram, Kochi, Panaji, and Patna. 7 November 2022 Banks to remain closed for 10 days in November 2022 Banks will be closed for 10 days during the month of November. Regular holidays, such as the second and fourth Saturdays and Sundays, are included in the list. Banks will be closed across the country during national holidays and some bank holidays are state-specific. On account of Kannada Rajyostav and Kut, banks will be closed in Bengaluru and Imphal on 1 November 2022. On 8 November 2022 (Guru Nanak Jayanti/Kartik Purnima), banks will be closed all throughout India, with the exception of Ahmedabad, Chennai, Bengaluru, Panaji, etc. On 11 November 2022, in Bengaluru and Shillong, a bank holiday is declared in observance of Kanakadasa Jayanthi/Wangala. On account of Seng Kutsnem, banks will not operate on 23 November 2022 in Shillong. 31 October 2022 Banks in these cities will be closed for six days beginning tomorrow Beginning tomorrow, 22 October, banks will be closed for six consecutive days. Banks across the country will be closed on Dhanteras, 22 October. All banks will be closed on 23 October (Sunday). On account of Kali Puja/Deepavali/Diwali (Laxmi Pujan)/Naraka Chaturdashi, banks will be shut all over India except Hyderabad, Imphal, and Gangtok. Banks will be closed in Hyderabad, Imphal, and Gangtok on 25 October. On account of Govardhan Pooja/Vikram Samvant New Year Day/Bhai Bij/Bhai Duj/Diwali (Bali Pratipada)/Laxmi Puja/Accession Day, banks will remain closed on 26 October in cities like Ahmedabad, Bengaluru, Gangtok, Mumbai, Kanpur etc. On 27 October, banks will be closed on account of Bhaidooj/Chitragupt Jayanti/Laxmi Puja/Deepawali/Ningol Chakkouba in Imphal, Gangtok, Lucknow, and Kanpur. 21 October 2022 List of bank holidays in the month of October All private and public banks will remain non-functional for 21 days in October, apart from the second and fourth Saturdays and all Sundays. In Bengal, Odisha, Bihar, Jharkhand, Kerala, Meghalaya, and Sikkim, banks will remain closed on 3 and 4 October due to Durga Puja (Ashtami and Navami). In Tripura and Manipur; Agartala, Maharashtra, and Karnataka, 3 and 4 October will be bank holidays due to Durga Puja, Ayudh pooja, and Janmotsav of Srimanta Sankardeva. On Dussehra, 5 October will be a bank holiday across India. In Gangtok and Sikkim, 5 and 6 October will be bank holidays due to Durga Puja (Dasain). Karva Chauth is celebrated on 13 October in Shimla and Himachal Pradesh, due to which banks will remain closed. Banks in Jammu and Srinagar will be closed on 14 October due to Eid-i-Milad-ul-Nabi. On Kali Puja, Diwali, Naraka Chaturdashi, and Gobardhan puja, 25 October will be a bank holiday in Sikkim, Manipur, Telangana, and Rajasthan. In all Indian states other than Gangtok, Hyderabad, and Imphal, 24 October will be a bank holiday in Diwali. Banks will not operate on 26, 27, and 31 October in some Indian states due to Bhai duj, Govardhan Pooja, Vikram Samvant New Year Day, Sardar Vallabhbhai Patel’s Birthday, and Chhath Puja. 30 September 2022 Bank Holiday on 16 May 2022 Buddha Purnima will be observed on Monday, 16 May 2022 and several banks across India will be closed. Banks had a long weekend this week, since they were closed for three days in a row: Saturday, Sunday, and Monday. However, the 16th of May will not be a national holiday throughout the country. 16 May 2022 Banks to be closed in several cities in India in August On 18 August and 19 August, banks in several states in India will be closed due to Janmashtami. On 18 August, banks in Lucknow, Kanpur, Dehradun, and Bhubaneshwar will be closed. Banks in Srinagar, Shimla, Shillong, Ranchi, Raipur, Patna, Jammu, Jaipur, Gangtok, Chennai, Chandigarh, Bhopal, and Ahmedabad will be closed because of Krishna Jayanthi and Janmashtami. 17 August 2022 10 August declared as paid holiday for workers by Goa government The Panchayat elections polling day, 10 August 2022 has been declared as a paid holiday for workers by the state government of Goa. Moreover, industrial and commercial workers in the private sector will also be eligible for paid leave provided they are going to vote. 5 August 2022 Banks to be closed for three days in the first week of May In the first week of May, banks will be closed for three days. As per the Holidays Under Negotiable Instruments Act, there will be four holidays in May. On 1 May 2022, banks will be closed across India as the day falls on a Sunday. On 2 May 2022, banks will be closed in Thiruvanthapuram and Kochi due to Ramjan-Eid. On 3 May 2022, banks will be closed across India expect for Thiruvanthapuram and Kochi due to Ramjan-Eid. 2 May 2022 Bank holiday on 14 April Bank will be closed in various states on the occasion of Dr. Babasaheb Ambedkar Jayanti. The Reserve Bank of India (RBI) on its official website mentioned that some states will be observing a holiday on 14 April on the occasion of Baisakhi, Vaisakhi, Mahavir Jayanti, Cheiraoba, Rongali Bihu, and Tamil New Year. 14 April 2022 Banks to Remain Closed in These States on 1 April 2022 According to the Reserve Bank of India website, all commercial and cooperative banking institutions will be closed on Friday, 1 April 2022 due to the yearly closing of accounts. The banks will remain close throughout the country except for Himachal Pradesh, Meghalaya, Chandigarh, and Mizoram. 1 April 2022 Banks in India to be closed for several days in March Banks in the country will remain closed for several days in March 2022. Banks will be closed for 13 days this month, out of which seven days are by the calendar provided by the Reserve Bank of India. Banks will be shut on 17 March, 18 March, 19 March, and 22 March on account of Holika Dahan, Holi, Yaosang, and Bihar Divas, respectively. On 20 March and 27 March banks are closed because of Sundays. Banks will be shut on 26 March as it falls on a fourth Saturday. 14 March 2022 International Holidays 2023 List of Indian Holidays List of Trading Holidays 2023 List of Holidays in Different States List of Monthly Holidays 2023 Disclaimer Free Credit Score Download app