
While physical bank branches may be closed on New Year's Day, online websites and mobile banking services will remain operational.Bank holidays: The Reserve Bank of India (RBI) has released the bank holiday schedule for February 2025. In the upcoming month, banks will be closed for a total of 14 days. The list of holidays includes state-specific regional and national holidays, as well as all Sundays, second and fourth Saturdays. The RBI categorizes these holidays under three different labels - the Negotiable Instruments Act, Real Time Gross Settlement Holiday, and banks' closing of accounts.
Specifically, February 3, 11, 12, 15, 19, 20, 26, and 28 have been declared as bank holidays under the Negotiable Instruments Act by the Reserve Bank of India (RBI). The Negotiable Instruments Act governs the issuance of cheques and promissory notes. Transactions involving these instruments will be unavailable on holidays.