Bank Holiday Today: Are Banks Open Or Closed On Dec. 28?

Saturdays are an important day for working individuals to complete both household and official tasks. These include essential bank-related work that may require a physical visit to branches. However, it is important to note that banks are typically not open on all Saturdays of the month.

With the last Saturday of the month, what does it mean for bank customers? Is there a bank holiday on Saturday, Dec. 28? Let's find out.

Banks are usually closed on the second and fourth Saturdays of each month, unless stated otherwise. Since Dec. 28 falls on the fourth Saturday of the month, banks across India will be closed on that day.

Banks typically observe the holiday schedule set by the Reserve Bank of India, which includes specific holidays, the second and fourth Saturdays, and all Sundays.

According to the RBI, bank holidays are categorised into three types: Holidays under the Negotiable Instruments Act, Holidays under the Negotiable Instruments Act and Real Time Gross Settlement Holidays, and Banks' Closing of Accounts. In addition, holiday observances for festivals may vary depending on the state and the regional offices of the central bank.

Banks across India will be closed for up to 17 days in December, owing to festivals like Christmas that have already happened. On Christmas Day, which fell on Wednesday, Dec. 25, all banks across India were closed.

Two more bank holidays are scheduled to be observed in December, apart from the weekend. They are:

Dec. 30, Monday: U Kiang Nangbah - Banks will be closed in Meghalaya.

Dec. 31, Tuesday: New Year’s Eve/Lossong/Namsoong - Banks will be closed in Sikkim and Mizoram.

Nagaland is observing an extended bank holiday starting from Dec. 24, due to Christmas Eve, and continuing through Sunday in celebration of Christmas.

On these bank holidays, in-person services in banks will be closed in several states. However, services including UPI, ATM withdrawals, net banking and more will be available.