Between January 19 and 25, banks across several states will remain closed on account of Saraswati Puja, Netaji Subhash Chandra Bose’s birth anniversary, and Basanta Panchami, along with the usual weekend offs. Customers are advised to plan financial transactions accordingly, as services will be limited during these closures.
Holiday Schedule
According to the Reserve Bank of India’s calendar, the upcoming week will see multiple regional and national holidays. Saraswati Puja and Basanta Panchami will be observed in eastern states, while Netaji Subhash Chandra Bose’s birthday on January 23 will be marked as a holiday in West Bengal and Tripura.
Key Highlights
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Banks closed on January 20 for Saraswati Puja in states like West Bengal and Odisha
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January 23 holiday for Netaji Subhash Chandra Bose’s birth anniversary in West Bengal and Tripura
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Basanta Panchami observed on January 21 with closures in select regions
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Regular weekly offs on January 24 (fourth Saturday) and January 25 (Sunday)
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Digital banking services including UPI, net banking, and ATMs will remain functional
Impact And Reflection
The cluster of holidays creates a long weekend, making it essential for customers to complete cheque clearances, branch visits, and other physical banking tasks in advance. While digital platforms remain unaffected, regional closures highlight the importance of planning financial activities around the RBI’s holiday schedule.
Sources: Mint, Economic Times, RBI Holiday Calendar