New Delhi: Bank branches will be closed for several days in the month of January as per the Reserve Bank of India (RBI) bank holidays calendar list. In the month of January 2024, banks will be closed for a total of 16 days --including local holidays and that of weekends.


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However, banking activities on mobile and internet will remain uninterrupted, though several bank branches will remain closed on account of bank holidays and the upcoming proposed strike by banking associations.


However, you must note that the banks will NOT be closed for all the days consecutively in all states or regions. This is the total number of days when banks in different parts of the country will remain closed for state-observed holidays and banking strike. For instance banks will be closed for Imoinu Iratpa in Imphal, but in Tamil Nadu it will NOT be closed for the same festival.


Added to that as per RBI list, bank branches will remain closed for upto 16 days in January 2024


 


New Year’s Day: January 1
New Year Celebration: January 2
Missionary Day: January 11
Uttarayana Punyakala/Makara Sankranti Festival/Maghe Sankranti/Pongal/Magh Bihu: January 15
Thiruvalluvar Day: January 16
Uzhavar Thirunal/Sri Guru Gobind Singh Ji Birthday: January 17
Imoinu Iratpa: January 22
Gaan-Ngai: January 23
Thai Poosam/Birthday of Md. Hazarat Ali: January 25
Republic Day: January 26


Furthermore, these are the number of days when banks will be closed for weekends


January 7: Sunday


January 13: Second Saturday


January 14: Sunday


January 21: Sunday


January 27: Fourth Saturday


January 28: Sunday


 


Reserve Bank of India places its Holidays under three brackets --Holiday under Negotiable Instruments Act; Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday; and Banks’ Closing of Accounts. However, it must be noted that the bank holidays vary in various states as well not observed by all the banking companies. Banking holidays also depend on the festivals being observed in specific states or notification of specific occasions in those states.