However, February 5 is not a holiday in the Reserve Bank of India (RBI) calendar. The branch head of IndusInd Bank said that due to the elections in Delhi, all the bank branches will remain closed on Wednesday but this holiday will be limited to Delhi only and banks will remain open normally in the rest of the states of the country.
Assembly elections will be held in Delhi, so banks will remain closed. Assembly elections are to be held in 70 seats of Delhi. There is going to be a tough contest between AAP, BJP, and Congress in Delhi. RBI keeps banks closed in the state where elections are held.
However, there is no update yet on bank closure in Delhi on February 5 on the RBI website. RBI has not given a holiday on 5 February to banks in Delhi in its calendar. The branch head of IndusInd Bank in Delhi said that banks will remain closed in Delhi on 5th February. Even on holidays when banks are closed, customers can use ATM, cash deposits, online banking, and mobile banking on bank holidays.
The Reserve Bank of India (RBI) has announced several bank holidays in February Banks will remain closed on Wednesday, February 5, in Delhi due to the Assembly elections. In Chennai, banks will be closed on Tuesday, February 11, for Thaipusam. Wednesday, February 12, marks the birth anniversary of Sant Ravdas Ji, leading to bank closures in Shimla. On Saturday, February 15, banks in Imphal will remain closed for Loi-Nagi-Ni. In Belapur, Mumbai, and Nagpur, banks will not operate on Wednesday, February 19, in observance of Chhatrapati Shivaji Maharaj Jayanti. Lastly, banks in Aizawl and Itanagar will be closed on Thursday, February 20, for a state holiday.
Banks will remain closed on the occasion of Mahashivratri in Belapur, Bhopal, Bhubaneswar, Chandigarh, Dehradun, Hyderabad, Jaipur, Jammu, Kanpur, Kochi, Lucknow, Mumbai, Nagpur, Raipur, Ranchi, Shimla, Srinagar and Thiruvananthapuram.