RBI Calendar Update: Banks Closed Today, 28 February

The Reserve Bank of India (RBI) mandates that banks remain closed on the second and fourth Saturdays of every month, along with all Sundays. Today, 28 February 2026, falls on the fourth Saturday, making it a non-working day for physical branches across the country.  

Key Highlights

• Reason for closure: Fourth Saturday holiday under RBI guidelines.  
• Applies to: All public and private sector banks, including SBI, PNB, ICICI Bank, HDFC Bank, Axis Bank, and others.  
• Digital services: UPI, IMPS, NEFT, RTGS, internet banking, and ATMs remain fully operational.  
• Upcoming holiday: Banks will also remain closed tomorrow, Sunday, 1 March 2026.  
• Customer impact: No in-branch services today; customers advised to use online platforms for transactions.  

This structured holiday system ensures uniformity across the banking sector while encouraging customers to adopt digital banking solutions for convenience.  

Sources: The Economic Times, Mint, LatestLY, Angel One