Are banks closed on 1st January?

Many must be wondering if January 1 is a bank holiday. Well, the answer is, banks are only closed in a few states on New Year’s Day. In January banks will be closed for 16 days including second, fourth Saturdays, Sunday, Republic day and more.

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States were banks are closed on January 1

Mizoram, Tamil Nadu, Sikkim, Arunachal Pradesh, Manipur, Nagaland, and Meghalaya these states will be closed on January 1 on the occasion of New Year’s Day.

There is only one long weekend in January, since Republic Day (January 26) falls on a Friday, followed by fourth Saturday and Sunday.

Banks are closed in Aizwal on January 1 and 2 on the occasion of New Year Celebration
While for other states banks will be working as a usual working day.

January bank holiday
New Year Celebration, Missionary Day, Uttarayana Punyakala/Makara Sankranti Festival/Maghe Sankranti/Pongal/Magh Bihu, Thiruvalluvar Day, Uzhavar Thirunal/Sri Guru Gobind Singh Ji Birthday, Imoinu Iratpa, Gaan-Ngai, Thai Poosam/Birthday of Md. Hazarat Ali and Republic Day.
The RBI classifies bank holidays into three categories: Holidays under the Negotiable Instruments Act, Holidays under the Negotiable Instruments Act and Real-Time Gross Settlement Holiday, and Banks’ Closing of Accounts.

Customers won't be able to visit the bank branches on certain days, however essential digital services like Internet, UPI, and mobile banking will be accessible without any service interruptions unless otherwise announced.

Jan-24	1	2	11	15	16	17	22	23	25	26
Agartala
Ahmedabad										•
Aizawl	•	•	•							•
Belapur										•
Bengaluru				•						•
Bhopal										•
Bhubaneswar				•						•
Chandigarh						•				•
Chennai	•			•	•	•			•	•
Dehradun
Gangtok	•			•						•
Guwahati				•						•
Hyderabad - Andhra Pradesh				•						•
Hyderabad - Telangana				•						•
Imphal	•						•	•		•
Itanagar	•									•
Jaipur										•
Jammu										•
Kanpur									•	•
Kochi										•
Kohima	•									•
Kolkata
Lucknow									•	•
Mumbai										•
Nagpur										•
New Delhi										•
Panaji										•
Patna										•
Raipur										•
Ranchi										•
Shillong	•									•
Shimla										•
Srinagar										•
Thiruvananthapuram										•

Holiday Description	Day
New Year’s Day	1
New Year Celebration	2
Missionary Day	11
Uttarayana Punyakala/Makara Sankranti Festival/Maghe Sankranti/Pongal/Magh Bihu	15
Thiruvalluvar Day	16
Uzhavar Thirunal/Sri Guru Gobind Singh Ji Birthday	17
Imoinu Iratpa	22
Gaan-Ngai	23
Thai Poosam/Birthday of Md. Hazarat Ali	25
Republic Day	26