Banks to remain shut for six days; on-line banking open 24/7

Bank Holidays in February 2022: Banks will stay closed for six days, however on-line banking will work on financial institution holidays too.

Bank Holidays in February 2022: As the month of February is nearly right here and financial institution clients have to plan to get their banking work accomplished on time, it is crucial for them to know when the banks will stay closed. The Reserve Bank of India (RBI) releases an inventory of financial institution holidays yearly. According to the financial institution vacation listing that spans varied states, banking actions will stay affected for six days in January, excluding the weekends (second and fourth Saturdays and Sundays). Do do not forget that some holidays are nationwide, India-wide, in character and others are regional.

However, it may be famous that although the banks will stay closed, on-line banking companies will proceed to function on holidays as effectively. Bank clients won’t be able to withdraw and deposit cash on the financial institution branches because of the holidays however they will use on-line banking companies, ATMs, cell banking, and many others. It will also be identified that on sure particular days, banks will shut in only a few cities.

If you’ve any pending or upcoming bank-related work to do or should withdraw money in the course of the upcoming week or have to go to your nearest department, then you’ll be able to verify the listing of financial institution holidays in February 2022 beneath:

1. February 2, 2022: The banks will stay closed on the eve of Sonam Lochhar in Gangtok.

2. February 5, 2022: The banks will stay closed as a consequence of Saraswati Puja (Shree Panchami)/Basanta Panchami in Agartala, Bhubaneswar and Kolkata.

3. February 15, 2022: The banks will stay closed on the event of the Birthday of Md. Hazrat Ali/Lui-Ngai-Ni in Imphal, Kanpur and Lucknow.

4. February 16, 2022: The banks will stay closed on the event of Guru Ravi Das Ji Birthday in Chandigarh.

5. January 18, 2022: The banks will stay closed on the event of Doljatra in Kolkata.

6. February 19, 2022: The banks will stay closed on the eve of Chhatrapati Shivaji Maharaj Jayanti in Belapur, Mumbai and Nagpur.

The banks will even stay closed on February 12, 2022 and February 26, 2022 as a consequence of second and fourth Saturdays and on February 6, 13, 20, and 27 due to Sundays, aside from the above-mentioned holidays.

Also, banks will stay closed on January 26, 2022 because of the event of Republic Day in all cities besides Agartala, Bhopal, Bhubaneswar, Chandigarh, Guwahati, Imphal, Jaipur, Kochi and Srinagar.

The RBI grants holidays to the banks underneath three classes. The three classes embrace Holiday underneath Negotiable Instruments Act, Holiday underneath Negotiable Instruments Act and Real Time Gross Settlement Holiday and Banks’ Closing of Accounts.

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