New Delhi: As the new financial year has commenced and banks are shut on Friday, it is important for you to know when the banks will remain closed this month to avoid any issue arising from the closure.
Banks are closed today due to the yearly closing of bank accounts. In total, banks will remain closed for 15 days in April including second and fourth Saturdays and Sundays as per the the Reserve Bank of India (RBI) calendar.
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Also, note that out of the 15 holidays in April, only six holidays fall on the weekend.
Bank holidays are usually divided into three major categories: Holiday under Negotiable Instruments Act; Holiday under Negotiable Instruments Act and Real-Time Gross Settlement Holiday; and Banks’ Closing of Accounts.
Importantly, there are no national holidays in April, but the month is filled with festivities and long weekends. Private and public banks will remain closed in several parts of India from April 1-3.
Meanwhile, banks will be closed on April 2 for Gudi Padwa/Ugadi Festival/1st Navratra/Telugu New Year’s Day/Sajibu Nongmapanba (Cheiraoba). April 3 is Sunday, therefore the banks will remain shut from Friday to Sunday.
Going ahead, banks will be closed on April 4 and 5 due to Sarhul and Babu Jagjivan Ram’s Birthday in some regions.
Banks will also be shut from April 14-April 16 due to various occasions including Dr. Babasaheb Ambedkar Jayanti, Mahavir Jayanti, Baisakhi, Vaisakhi, Tamil New Year’s Day, Cheiraoba, Biju Festival, Good Friday, Bengali New Year’s Day (Nababarsha), Himachal Day, Vishu. April 16 which also is the third Saturday of banks, will have a holiday due to Bohag Bihu.
Banks will not remain open on April 21 due to Garia Puja, and on April 29 due to Shab-I-Qadr/Jumat-ul-Vida.