Both the Public Sector Undertaking (PSU) and commercial banks observe holidays on public and country- and state-specific holidays. Apart from the mandatory bank holidays on the second and fourth Saturdays, there are several other holidays during which banks are closed. In this article, learn about bank holidays in 2021 and the types of holidays banks observed during the calendar year.

Bank Holidays List 2021 in India - Acko

List of Bank Holidays in India 2021

Banks across India, be it public or private sector remain closed on the second and fourth Saturdays while they are also closed on certain festivals, government and local holidays. Below is the list of bank holidays in 2021 in India:

Bank Holidays in India During January 2021

DayDateHoliday Name
Friday1 January New Year’s Day
Thursday14 JanuaryMakar Sankranti/Pongal
Tuesday26 January Republic Day

Bank Holidays in India During February 2021

DayDateHoliday Name
Tuesday16 February Vasant Panchami

Bank Holidays in India During March 2021

DayDateHoliday Name
Thursday11 MarchMaha Shivaratri
Monday29 MarchHoli

Bank Holidays in India During April 2021

DayDateHoliday Name
Friday2 AprilGood Friday
Tuesday13 AprilUgadi
Wednesday14 AprilAmbedkar Jayanti
Wednesday21 AprilRama Navami
Sunday25 AprilMahavir Jayanti

Bank Holidays in India During May 2021

DayDateHoliday Name
Saturday1 MayMay Day
Thursday13 MayEid-ul-Fitar
Friday14 MayMaharshi Parasuram Jayanti
Wednesday26 MayBuddha Purnima

Bank Holidays in India During June 2021

DayDateHoliday Name
Sunday20 JuneFather’s Day

Bank Holidays in India During July 2021

DayDateHoliday Name
Tuesday20 JulyBakrid / Eid al Adha

Bank Holidays in India During August 2021

DayDateHoliday Name
Sunday15 AugustIndependence Day
Thursday19 AugustMuharram
Sunday22 AugustRaksha Bandhan
Monday30 AugustJanmashtami

Bank Holidays in India During September 2021

DayDateHoliday Name
Friday10 SeptemberVinayaka Chaturthi

Bank Holidays in India During October 2021

DayDateHoliday Name
Saturday2 OctoberGandhi Jayanti
Wednesday6 OctoberMahalaya Amavasya
Wednesday13 OctoberMaha Ashtami
Thursday14 OctoberMaha Navami
Friday15 OctoberVijaya Dashami
Tuesday19 OctoberMilad un-Nabi/Id-e-Milad
Wednesday20 OctoberMaharishi Valmiki Jayanti

Bank Holidays in India During November 2021

DayDateHoliday Name
Thursday4 NovemberDiwali/Deepavali
Friday5 NovemberGovardhan Puja
Saturday6 NovemberBhai Duj
Friday19 NovemberGuru Nanak Jayanti

Bank Holidays in India During December 2021

DayDateHoliday Name
Saturday25 DecemberChristmas

List of Bank Holidays in India 2020

DayDateHoliday Name
January 2020
Wednesday01 January 2020
New Year’s Day
Saturday11 January 2020
Second Saturday
Wednesday15 January 2020
Saturday25 January 2020
Fourth Saturday
Sunday26 January 2020
Republic Day
Thursday30 January 2020
Vasant Panchami
February 2020
Saturday08 February 2020
Second Saturday
Friday21 February 2020
Maha Shivaratri
Saturday22 February 2020
Fourth Saturday
March 2020
Tuesday10 March 2020
Saturday14 March 2020
Second Saturday
Wednesday25 March 2020
Saturday28 March 2020
Fourth Saturday
April 2020
Thursday02 April 2020
Ram Navami
Monday06 April 2020
Mahavir Jayanti
Friday10 April 2020
Good Friday
Saturday11 April 2020
Second Saturday
Tuesday14 April 2020
Dr. B.R. Ambedkar Jayanti
Saturday25 April 2020
Fourth Saturday
May 2020
Friday01 May 2020
May Day
Thursday07 May 2020
Buddha Purnima
Saturday09 May 2020
Second Saturday
Saturday23 May 2020
Fourth Saturday
Sunday24 May 2020
June 2020
Saturday13 June 2020
Second Saturday
Saturday27 June 2020
Fourth Saturday
July 2020
Saturday11 July 2020
Second Saturday
Saturday25 July 2020
Fourth Saturday
Friday31 July 2020
August 2020
Monday03 August 2020
Raksha Bandhan
Saturday08 August 2020
Second Saturday
Tuesday11 August 2020
Saturday15 August 2020
Independence Day
Saturday22 August 2020
Fourth Saturday
Sunday30 August 2020
September 2020
Saturday12 September 2020
Second Saturday
Saturday26 September 2020
Fourth Saturday
October 2020
Friday02 October 2020
Gandhi Jayanti
Saturday10 October 2020
Second Saturday
Saturday24 October 2020
Fourth Saturday
Monday26 October 2020
Vijaya Dashami
Friday30 October 2020
Eid e Milad
Saturday31 October 2020
Maharishi Valmiki Jayanti
November 2020
Saturday14 November 2020
Diwali / Second Saturday
Monday16 November 2020
Bhai Dooj
Saturday28 November 2020
Fourth Saturday
Monday30 November 2020
Guru Nanak Jayanti
December 2020
Saturday12 December 2020
Second Saturday
Friday25 December 2020
Christmas Day
Saturday26 December 2020
Fourth Saturday
Thursday24 December 2020
Christmas Eve
Friday25 December 2020
Thursday31 December 2020
New Year's Eve

Types of Bank Holidays 2021:

Bank holidays are days when banks are closed to the public and operations are closed for transactions at bank branches. However, you can perform some online transactions such as transfers, payments, etc. while you can continue to withdraw cash at ATMs. Below are the two types of bank holidays:

  • National Holidays: During the calendar year, three national holidays are observed by India and banks remain closed on these national holidays. Below are the three national holidays observed in the country:
    • Republic Day
    • Independence Day
    • Mahatma Gandhi Jayanti
  • Government Holidays: Central and respective state governments notify a list of government holidays for the calendar year. During these holidays, government offices are closed to the public. Government holidays are classified as:
    • Gazetted Holidays
    • Restricted Holidays

Bank Holidays on the Second and Fourth Saturdays:

As mandated by the Reserve Bank of India (RBI), commercial, scheduled, non-scheduled, co-operative and regional rural banks will remain closed to the public on the second and third Saturdays of every month. Fifth Saturdays are working days on a given month. The notification was effective from 1 September 2015. Prior to the notification, banks worked half-day on Saturdays.

Some Important Bank Holidays in 2021:

Here are some of the important bank holidays observed in 2021:

  • Uttarayan/Makar Sankranti/Pongal: It’s the period of harvest and is celebrated in the month of January of the Gregorian calendar. The holiday marks the end of winter and the beginning of longer days.
  • Republic Day: On 26 January 1949, the Constitution of India came into effect in the country with a democratic government system. Citizens of India mark 26th of every January as Republic Day with ceremonial parades, award distribution, etc. in tribute to the country.
  • Maha Shivaratri: The Hindu festival is celebrated in honour of Lord Shiva in remembrance of overcoming darkness and ignorance.
  • Holi: Known as the festival of colours, Holi is an ancient Hindu festival marking the start of spring.
  • Ugadi: Celebrated in Karnataka, Andhra Pradesh and Telangana, Ugadi is observed on the first day of the month of Chaitra of the Hindu lunar calendar.
  • Raksha Bandhan: On this day, sisters tie a rakhi around the wrist of their brothers, highlighting the bond between brothers and sisters.
  • Ram Navami: Hindus celebrate Ram Navami marking the birth of Lord Ram which falls on the ninth day of the month of Chaitra in the Hindu calendar.
  • Mahaveer Jayanti: One of the most important festivals of Jains, Mahaveer Jayanti celebrates the birth of Mahaveer.
  • Janmashtami: Celebrating the birth of Krishna, Janmashtami is celebrated across India by Hindus with great devotion and fervour.
  • Good Friday: Christians observe Good Friday as the commemoration of the death of Jesus Christ. Prayers, sermons and, praise and worship is observed by the followers of Christ.
  • Ganesh Chaturthi: Marking the birth of elephant-headed God, Ganesh Chaturthi is celebrated for prosperity and wisdom.
  • Vaisakhi: Also known as Baisakhi is a religious festival celebrated by Hindus and Sikhs commemorating the formation of Khalsa Panth under Guru Gobind Singh.
  • May Day: Usually celebrated on the 1st of May every year, May Day commemorates the struggles and gains made by the labour class of the society and is observed in several countries across the globe.
  • Onam: Malayalees across the country and the world celebrate Onam marking the homecoming of King Mahabali and it’s also the festival of harvest.
  • Sant Guru Kabir Jayanti: The event is observed in honour of Sant Kabir Das, a renowned poet, saint and social reformer in India.
  • Maharana Pratap Jayanti: The event celebrates the popular King from the 16th century in Rajasthan who fought the Mughals in the country.
  • Bakrid/Eid-Al-Adha: Considered as the holiest event in the Islamic religion, Bakrid or the festival of sacrifice, which honours the act of obedience to God by Ibrahim to sacrifice his son.
  • Independence Day: Celebrated on the 15th of August every year, Independence Day commemorates the freedom from British rule in India. This is also one of three national holidays observed in the country.
  • Gandhi Jayanti: One of the most important national holidays of India is the Gandhi Jayanti, celebrating the birth of Mohandas Karamchand Gandhi, the Father of the Nation.
  • Diwali: Diwali is also known as Deepavali, Divali or Deepawali, the festivals of lights celebrate the victory of good over evil.
  • Christmas: Christians across the world celebrate the 25th of December as Christmas marking the birth of Lord Jesus Christ.

How State Holidays and Bank Holidays are Determined?

While state holidays are based on local events or festivals, bank holidays are based on national holidays as well as respective state holidays and festivals. Each state will determine the public holidays which the banks may or may not share depending on the local linguistic and religious demographics.

Significance of Bank Holidays in 2021:

Public Sector Undertaking (PSU) and scheduled banks in India observe exclusive bank holidays on the 2nd and 4th Saturdays of every month. The Reserve Bank of India (RBI) has mandated that banks will not operate on these Saturdays; however, through online or net banking facility, several banking transactions such as money transfers, bill payments, etc. are available at all times to customers. The main significance of bank holidays is to provide a work-life balance to bank employees and provides the dates when bank customers will not be able to transact at any of the bank branches.

Will NEFT and RTGS Work During Bank Holidays?

Presently, the National Electronic Fund Transfer (NEFT) and the Real-Time Gross Settlement (RTGS) is available between 8 am to 7 pm on working days; however, there is a proposal to make it available to customers 24/7. Hence, both the payment options are not available on non-working days of the bank. However, the timings may differ from bank to bank.

How to Deposit Cash During a Bank Holiday in India?

While the traditional method of depositing cash in the respective bank branch is still prevalent, the advent of ATM has made it easier for customers to deposit cash at the respective bank’s ATM. You can deposit cash during a bank holiday in India at the bank’s ATM.

State List for Bank Holidays in India 2021:

Public and Private Sector Banks to Remain Shut for 13 Days in March 2020

– March 3, 2020

Out of the 31 days in March 2020, banks in India will remain shut for 13 days. These bank holidays include national, regional and weekly holidays. While some banks will be closed on 10 March 2020 on account of Holi, some may remain shut for two days to celebrate Holi. There will be eight national holidays and five regional holidays during the month of March this year. Regional holidays include Gudi Padwa or Ugadi in some of the southern and western states, and in Jharkhand, banks will be closed on account of Sarhul.

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