Bank holidays: Are banks closed today for Union Budget 2025? Check full list of month holidays here

Bank holiday today: Banks are open on the first, third, and fifth (if any) Saturdays, while they are closed on all second and fourth Saturdays and Sundays.

Updated on: Feb 1, 2025, 02:15:25 IST

By HT News Desk

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Bank holiday today: Banks are usually open on the first, third, and fifth Saturdays (if any) of a month, while they are closed on all second and fourth Saturdays as well as on all Sundays, according to the mandate of the Reserve Bank of India (RBI).

Bank holiday tomorrow: Signage at an ICICI Bank Ltd. branch in Mumbai, India, on Thursday, Oct. 24, 2024. (Abeer Khan/Bloomberg)

Since Budget day (February 1, 2025) is the first Saturday, banks will remain open across the country.

Also Read: Budget 2025: How to read the documents that FM Sitharaman will present in parliament

The Union Budget 2025, which will be the second full budget of Modi 3.0 is scheduled to be presented by Finance Minister Nirmala Sitharaman today, February 1, marking her eighth consecutive presentation of a Union Budget.

The Budget 2025 is expected to have an increased focus on the agriculture sector with some tax reforms potentially taking place, such as the old tax regime getting phased out and the introduction of zero income tax for those earning less than ₹10 lakh per annum. However, this hasn't been confirmed yet.

Balancing between fiscal consolidation and economic growth will be another prominent theme due to rising inflation figures.

Apart from banks, the stock market will also remain open on Budget Day to allow enough time for the markets to react.

Also Read: Economic Survey on Viksit Bharat: 'Need PPP in infrastructure, 8 percent growth'

List of bank holidays in February 2025

February 2025	3	11	12	15	19	20	26	28
Agartala	•
Ahmedabad							•
Aizawl						•	•
Belapur					•		•
Bengaluru							•
Bhopal							•
Bhubaneswar							•
Chandigarh							•
Chennai		•
Dehradun							•
Gangtok								•
Guwahati
Hyderabad - Andhra Pradesh							•
Hyderabad - Telangana							•
Imphal				•
Itanagar						•
Jaipur							•
Jammu							•
Kanpur							•
Kochi							•
Kohima
Kolkata
Lucknow							•
Mumbai					•		•
Nagpur					•		•
New Delhi
Panaji
Patna
Raipur							•
Ranchi							•
Shillong
Shimla			•				•
Srinagar							•
Thiruvananthapuram							•

Holiday Description	Day
Saraswati Puja	3
Thai Poosam	11
Guru Ravi Das’s Birthday	12
Lui-Ngai-Ni	15
Chhatrapati Shivaji Maharaj Jayanti	19
Statehood Day/State Day	20
Mahashivratri	26
Losar	28

Source: RBI Website

Also Read: Economic Survey suggests strict labelling rules for ultra-processed foods

It is best advised to contact your nearest bank branch in case there is any further confusion regarding bank holidays.

What banking services will be available on bank holidays?

While bank branches will be closed for all the aforementioned dates, customers can still access digital or net banking services throughout the year, unless the bank notifies otherwise (Usually for maintenance work).

All bank websites, banking apps, UPI, and ATM services will be active throughout the year otherwise. You can even start a fixed deposit or a recurring deposit on such days digitally.

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HT News Desk
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