RBI announces holiday list for February; banks to remain closed on Basant Panchami, Shivaji Maharaj Jayanti

The Reserve Bank of India (RBI) has announced the list of holidays for the month of February. The banks will remain closed for at least 12 days. Of these, there will be four Sundays and two Saturdays. Furthermore, six holidays will be observed at different regions in February. This month, there will be no national holiday on which banks across the country will remain closed. Holidays like Basant Panchami, Chhatrapati Shivaji Maharaj Jayanti etc will be celebrated in February, when banks will remain closed. As per the report, banks will remain closed under three brackets – Holiday under Negotiable Instruments Act; Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday as well as Banks’ Closing of Accounts. Here is the list of Bank Holidays in February 2021: 12 February: Losar/ Sonal Lochhar in Gangktok 15 February: Lui-Ngai-Ni in Imphal 16 February: Saraswati Puja/ Basant Panchami in Agartala, Bhubaneshwar, Kolkata 19 February: Chhatrapati Shivaji Maharaj Jayanti in Belapur, Mumbai, Nagpur 20 February: State Day of Mizoram 26 February: Birthday of Md Hazarat Ali, banks will remain closed in Lucknow and Kanpur. https://www.rbi.org.in/Scripts/HolidayMatrixDisplay.aspx