Banks across India remain closed on national holidays and state-specific regional festivals. In Maharashtra, the celebration of Chhatrapati Shivaji Maharaj Jayanti led to the closure of banks across the state on Feb. 19. Similarly, Feb. 20 is a bank holiday in Mizoram and Arunachal Pradesh on account of State Day or Statehood Day, as per the Reserve Bank of India's (RBI) holiday calendar.
Are Banks Open Or Closed On Feb. 21?
All commercial banks across India will remain open on Saturday, Feb. 21, as this is the third Saturday of the month.
As per the RBI guidelines, banks remain closed on all Sundays and the second and fourth Saturdays of every month.
Customers should check the RBI's bank holiday list when planning banking services on Saturdays. As branch hours can differ based on location, customers must check the operational hours of their local branches in advance. Banks also remain closed due to state-specific holidays. So, it is advisable to check regional calendars before visiting a branch for banking services.
While banks will remain shut on scheduled holidays, alternate Saturdays and Sundays, services such as UPI payments, online banking and ATMs will remain open.
Will Banks Be Closed On Feb. 23?
Banks in Jharkhand will be shut on Monday, Feb. 23, on account of general municipal elections taking place in the state. Banks will resume service as normal on Feb. 24.
The Reserve Bank of India announces bank holidays in line with the Negotiable Instruments Act, 1881. Apart from nationwide closures, banking institutions also mark holidays under the Negotiable Instruments Act, including account-closing days and Real-Time Gross Settlement (RTGS) operations.
The holiday list issued by the RBI also includes different regional events and local festivals observed by states, which lead to the closure of banks in specific regions only.
Bank Holidays In March 2026
Apart from Sundays and alternate Saturdays, banks will remain closed for 11 days in March, including state holidays and observances.
As per the RBI's holiday list, banks will be shut on account of festivals like Holi, Eid-Ul-Fitr, Ram Navami and Mahavir Jayanti this month. The festival of Gudi Padwa/Ugadi/Telugu New Year's Day/Sajibu Nongmapanba (Cheiraoba)/1st Navratra will also lead to the closure of banks in states like Maharashtra, Karnataka, Tamil Nadu, Manipur and Goa on March 19.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.