December 2023 bank holiday list: For Christmas, banks will remain closed for up to 5 days in these states
Friday, 22 December 2023 The alignment of Christmas with Monday will lead to the nationwide closure of banks, with branches shutting down for a duration of up to five days. The Reserve Bank of India (RBI) classifies these bank holidays under the Negotiable Instruments Act of 1881. In addition to the closure, the RBI has introduced new UPI transaction limits and modified rules for e-mandates related to recurring payments. While physical bank branches will be closed, online banking services will remain operational, providing access to various tasks through mobile and internet banking.
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Key bank holidays in India include Republic Day on January 26, Independence Day on August 15, Gandhi Jayanti on October 2, and Christmas on December 25. DNA
Friday, 22 December 2023
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