Bank Holidays in February: Banks to be Shut for 9 Days More This Month. Know Details

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Bank Holidays in February: The month of February, the shortest month of the year, is almost near the end of its first half. As we move on to the other half, banks across all private and public sector will remain closed for as many as nine days on account of various public holidays. This is according to a list prepared by India’s central bank RBI. The Reserve Bank of India has issued a list of holidays for the year 2022 in its annual list. The bank holidays have been prepared according to this list.

As per the RBI list, there are up to six state wise bank holidays in February 2022, some of which have been used. The remaining holidays are the weekend leaves when banks are closed nationally. So, if you have any bank related work, you should check with your nearest branch first regarding the bank holidays in February so that you can carry out your work seamlessly. On that note, you should also keep in mind that it should not be much of a concern as these bank holidays are largely state-wise. This means that they are not usually uniform in nature.

Bank holidays come into effect as per a list released by the Reserve Bank of India or RBI. According to a list by the central bank, the number of holidays has been fixed at six this month. The remaining are the weekend leaves. This includes all Sundays of the month, as well as second and fourth Saturdays. Banks remain open on the first and third Saturdays of every month. The RBI’s list of holidays falls into three categories. These are state-wise celebrations, religious holidays and festival celebrations.

The central bank’s notification for holidays has been notified under three brackets, including ‘Holiday under Negotiable Instruments Act’, ‘Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday’ and ‘Banks’ Closing of Accounts’. On these notified holidays, all branches of banks, which includes the public sector, private sector, foreign banks, cooperative banks and regional banks, will remain shut.

List of Leaves as per the Holiday Under Negotiable Instruments Act

February 15 – Mohammad Hazrat Ali Birthday/Louis-Nagai-Ni -Imphal, Kanpur, Lucknow

February 16 – Guru Ravidas Jayanti – Chandigarh

February 18 – Doljatra – Kolkata

February 19 – Chhatrapati Shivaji Maharaj Jayanti – Belapur, Mumbai, Nagpur

Apart from the varying state-wise holidays. The banks will remain closed on some of the days of the weekends. It must be noted in this regard that weekend leaves are uniform in nature across India. These are mentioned below:

February 12 – Second Saturday of the month

February 13 – Sunday

February 20 – Sunday

February 26 – Fourth Saturday of the month

February 27 – Sunday

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