On February 14, 2024, banks in Agartala, Bhubaneswar, and Kolkata will be closed due to Basant Panchami/Saraswati Puja. However, it’s not officially recognized as a gazetted holiday. In Imphal, banks will remain closed on February 15th. This month includes a total of 11 holidays, counting Saturdays and Sundays. Typically, banks are closed on the second and fourth Saturdays of each month.
Those with urgent banking needs should take note of the designated holiday dates. Bank customers must understand that while physical branches will be shut on these upcoming holidays, digital services like mobile banking, UPI, and Internet banking will continue to operate without any interruptions.
Notably, the holiday observance differs across the nation, with some days marked as public holidays nationwide while others are specific to certain regions.
The Reserve Bank of India (RBI) determines bank holidays, considering factors such as national/state holidays, cultural or religious events, operational necessities, government directives, and coordination with other banks. The RBI communicates its holiday schedule through official channels like its website and notifications to banks and financial institutions.
Remaining Holidays in February 2024
There will be bank holiday in Belapur, Mumbai and Nagpur on February 19 on the occasion of Chhatrapati Shivaji Maharaj Jayanti. Mizoram capital Aizawl and Arunachal Pradesh capital Itanagar will observe bank holiday on February 20 due to statehood day. Itanagar will also have a bank holiday on February 26 due to Nyokum.
Besides this, the second and fourth Saturday and all Sundays are observed as bank holidays.
Basant Panchami 2024
Vasant Panchami highlights the incoming of spring. The festival is centred on the Hindu goddess Sarasvati. As part of the festival, people dress in yellow and feast on ‘kesar halwa’ which is made of flour, sugar, nuts, and cardamom powder. Students place their books, pens, and pencils near the feet of the goddess and seek her blessings.
Valentine’s Day 2024
While Valentine’s Day falls on February 14, the excitement for the month of love begins in the week before. There are seven days dedicated to the celebration of love before Valentine’s Day. It starts on February 7.
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