List of Bank Holidays in January 2024, Check Now!

In January 2024, banks across India are to remain closed for 16 days, encompassing a diverse range of occasions. Bank holidays during this period include New Year's Day on January 1 and Republic Day on January 26, other festivals, national holidays, second and fourth Saturdays, and the standard closure on all Sundays.

This comprehensive list is strategic scheduling that considers cultural and statutory observances, ensuring that banking operations align with the nation's festive and civic calendar.

For customers with urgent banking needs, it is essential to be alert of the scheduled holidays. While physical visits to bank branches won't be feasible those days, it's important to consider that vital digital services like mobile banking, UPI, and Internet banking will continue seamlessly, ensuring uninterrupted access to essential financial services unless otherwise communicated. This assurance underscores the commitment of banks to provide convenience and accessibility to customers, even during scheduled closures, through robust digital platforms.

It is also necessary to note that bank holidays may vary from state to state, governed by the State Government, Central Government, and Union Territories Act of 1881. India observes three national holidays, namely January 26 (Republic Day), August 15 (Independence Day), and October 2 (Mahatma Gandhi Jayanti).

The RBI Classifies Bank Holidays into the Following Categories

• Holidays under the Negotiable Instruments Act
• Holidays under the Negotiable Instruments Act and Real-Time Gross Settlement Holiday
• Banks' Closing of Accounts.

This systematic breakdown reflects the nuanced nature of these holidays, encompassing legal, financial, and operational considerations.

List of Holidays in January 2024