Bank Holidays Alert : Banks closed for 4 days this week; Check dates before transactions!
Customers with banking-related tasks this week should plan ahead, as banks will be closed for a total of four days across various states. These holidays do not apply on the same day in all states, but will vary according to local festivals and public holidays. Therefore, it is essential to check the relevant dates before visiting the bank.
1) February 18 – Losar Festival
On February 18, banks in the state of Sikkim will be closed due to the Losar Festival. Losar is the Buddhist New Year festival and is celebrated with great enthusiasm in Sikkim. However, banking operations will continue as usual in all other states of the country.
2) February 19 – Shivaji Jayanti
On February 19, all banks in the state of Maharashtra will be closed on the occasion of Chhatrapati Shivaji Maharaj's birth anniversary. Shivaji Jayanti is celebrated with great enthusiasm in Maharashtra. Processions, cultural programs, and tribute ceremonies are organized in various parts of the state. However, banks will remain open in other states on this day.
3) February 20 – State Foundation Day
On February 20, banks will be closed in the two states of Arunachal Pradesh and Mizoram on the occasion of their State Foundation Day. On this day, government and private banks in these states will remain closed. However, transactions will continue in other parts of the country.
4) 22 February – Sunday
Since 22 February is a Sunday, all banks across the country will remain closed. The weekly holiday on Sunday is applicable everywhere.
Online transactions continue
Even though banks will be closed in the respective states on the above dates, customers will not face much inconvenience. Internet banking, mobile banking apps, UPI services, and ATM services will continue as usual. Unless there are technical difficulties, customers can easily perform tasks such as withdrawing cash, transferring money, or paying bills.
If it is necessary to deposit checks, issue DDs, update KYC, or conduct large transactions before bank holidays, they should be completed in advance. Especially customers conducting business transactions need to plan financially considering the impact of these holidays.