RBI Declares April 1st as Bank Holiday, But Banks Will Remain Open in These States…..
RBI Declares April 1st as Bank Holiday, But Banks Will Remain Open in These States…..
The majority of Indian banks will not open on April 1st in order to complete and settle their accounts for the fiscal year 2024-25 (FY25), which concludes on March 31. Banks settle their financial records at the end of the fiscal year annually.
The Reserve Bank of India (RBI) released a calendar of bank holidays, specifying that all states and union territories-with the exception of Chhattisgarh, Himachal Pradesh, Mizoram and Meghalaya-will have closed banks. Therefore, if you are planning to visit any bank on Tuesday, plan ahead because many banks will be closed on that day.
The RBI cancelled Eid’s holiday to handle the anticipated high volume of transactions on March 31st. Initially, March 31 was declared a public holiday to commemorate Eid. However, the RBI cancelled the Eid holiday to ensure that banks stay open and functional due to the heavy financial transactions that typically occur on the last day of the fiscal year. The decision aimed to ensure smooth financial operations for closing accounts and completing end-of-year transactions.
There are 10 bank holidays scheduled across different states and union territories in India in April 2025, according to the RBI holiday calendar. These holidays vary depending on local festivals and regional celebrations as well.
To avoid any inconvenience, customers should check with their local branches for specific holiday schedules, as holidays may vary based on regional observances and festivities. For instance, banks will be opened on April 1st in some states like Chhattisgarh, Himachal Pradesh, Meghalaya and Mizoram.
Bank Holidays in April 2025:
In April 2025, there are several bank holidays across various states and union territories in India. Here’s a breakdown of the holidays:
- April 1: Banks will be closed for the closure of yearly accounts. It is also Sarhul in Jharkhand, a local festival.
- April 5: Babu Jagjivan Ram’s Birthday will be observed as a holiday in Telangana.
- April 10: Bank holiday for celebration of Mahavir Janmakalyanak (Mahavir Jayanti), but banks will remain open in Odisha, Tamil Nadu, Chandigarh, Bihar, Tripura, Jammu, Kashmir, Goa, Kerala, Sikkim, and the northeastern states on this day.
- April 14: The day marks multiple observances, including Dr. Babasaheb Ambedkar Jayanti, Vishu, Biju, Buisu Festival, Maha Vishuva Sankranti, Tamil New Year’s Day, Bohag Bihu, and Cheiraoba. However, this holiday will not be observed in New Delhi, Madhya Pradesh, and some northeastern states like Mizoram and Arunachal Pradesh.
- April 15: Banks will be closed in Himachal Pradesh, West Bengal, Assam, Mizoram, and Arunachal Pradesh on the occasion of Bengali New Year’s Day, Himachal Day, and Bohag Bihu.
- April 16: Bohag Bihu will be a holiday only in Assam.
- April 18: Good Friday will be observed, except in Mizoram, Chandigarh, Assam, Rajasthan, Kashmir, Himachal, and Jammu.
- April 21: Bank will close for Garia Puja celebration in Mizoram.
- April 29: Bhagwan Shri Parshuram Jayanti will be observed as a holiday in Himachal Pradesh.
- April 30: On the occasion of Basava Jayanti and Akshaya Tritiya, banks will be closed in Karnataka.
In general, Banks are always closed on every Sunday and the second and fourth Saturdays. However, customers can access all net banking features, including NEFT and IMPS money transfers, standing orders, FD and RD openings, and more. To use net banking, customers must have a current account with the feature enabled.
