It will be an extended weekend for the banks in wake of Republic Day, falling on Friday this year.
File photo of Kotak Mahindra Bank branch in Mumbai. (Aniruddha Chowdhury/Mint)
The Reserve Bank of India classifies bank holidays as either 'national' or 'regional,' with branches nationwide closed on the former. The banks are also closed on second and fourth Saturdays and Sundays.
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The additional holidays are enforced as per the RBI holidays list. It is important to note that, during the bank holidays and weekends, ATMs and online banking services remain operational. However, those planning to visit the banks for any official work, must plan accordingly.
In January 2024, banks will be closed for 16 days, including Sundays and fourth Saturdays.
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