RBI’s update: Will banks be open on February 1? Check details

Finance Minister Nirmala Sitharaman is going to present the general budget on 1 February 2025.

RBI has released the list of bank holidays in February 2025. Bank holidays are decided on the basis of national festivals, regional festivals and weekends. Banks will remain closed for a total of 14 days this month.

As per the rules of Reserve Bank of India (RBI), banks are closed on the second and fourth Saturdays of every month but February 1, 2025 is the first Saturday so banks will be open on that day and banking services will continue as on normal days.

List of bank holidays in February 2025:

• February 2 & 3, Vasant Panchami- Banks to remain closed in Punjab, Haryana, Odisha, West Bengal and Tripura.
• February 8- Banks to remain closed on second Saturday.
• February 9- Banks to remain closed on Sunday.
• February 12, Guru Ravidas Jayanti- Banks to remain closed in Punjab, Haryana, Madhya Pradesh and Himachal Pradesh.
• February 15, Lui-Ngai-Ni- Banks to remain closed in Manipur.
• February 16- Banks to remain closed on Sunday.
• February 19, Chhatrapati Shivaji Maharaj Jayanti- Banks to remain closed in Maharashtra.
• February 20, Arunachal Pradesh Statehood Day / Mizoram State Day- Banks to remain closed in Arunachal Pradesh and Mizoram.
• February 22- Banks to remain closed on fourth Saturday.
• February 23- Banks to remain closed on Sunday.
• February 26, Maha Shivaratri- Banks to remain closed in most states except in Tripura, Tamil Nadu, Sikkim, Assam, Manipur, Arunachal Pradesh, Nagaland, West Bengal, New Delhi, Goa, Bihar, and Meghalaya.
• February 28, Losar- Banks to remain closed in Sikkim. 

However, even on bank holidays, ATMs and online banking services are available for the customers. They can withdraw cash and complete online transactions without any interruption unless prior notifications specific service unavailability.

Customers are advised to check with their local bank branch for specific holiday schedules in order to plan their financial activities better. Customers should plan the transactions and banking needs in order to avoid any inconvenience during bank holidays.