Bank Holidays in January: Banks across all private and public sectors are closed on January 15, Saturday in some states due to the Makar Sankranti festival in these regions. Lenders in January have a total of 16 bank holidays, including weekend leaves. Out of these, nine have already been used up. For the second half of the month, beginning January 15, banks will remain closed for up to seven days across various states in India. The Reserve Bank of India, or RBI, has issued a list of holidays for the year 2022 in its annual list. The holidays have been prepared according to this list.
As per the RBI list, there are up to nine state wise holidays in January 2022, which is has already begun. This includes the first day of January, where banks will remain closed in some states. The remaining seven holidays are the weekend leaves when banks are closed nationally. So, if you have any bank related work, you should check with your nearest branch first regarding the bank holidays in January so that you can carry out your work seamlessly.
On that note, you should also keep in mind that it should not be much of a concern as these bank holidays are largely state-wise. This means that they are not usually uniform in nature.
Bank holidays come into effect as per a list released by the Reserve Bank of India or RBI. According to a list by the central bank, the number of holidays has been fixed at 11 this month. The remaining are the weekend leaves. This includes all Sundays of the month, as well as second and fourth Saturdays. Banks remain open on the first and third Saturdays of every month. The RBI’s list of holidays falls into three categories. These are state-wise celebrations, religious holidays and festival celebrations.
The central bank’s notification for holidays has been notified under three brackets, including ‘Holiday under Negotiable Instruments Act’, ‘Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday’ and ‘Banks’ Closing of Accounts’. On these notified holidays, all branches of banks, which includes the public sector, private sector, foreign banks, cooperative banks and regional banks, will remain shut.
Here is the full list of holidays for the second half of month of January 2022, as per RBI mandate: (Counting from January 15 onwards)
List of Leaves as per the Holiday Under Negotiable Instruments Act
January 15: Uttarayaana Punyakaala Makar Sankranti Festival/Maghe Sankranti/Sankranti/Pongal/Thiruvalluvar Day – Bengaluru, Chennai, Gangtok and Hyderabad
January 18: Thai Poosam – Chennai
January 26: Republic Day – Across the country except in Imphal, Jaipur, Srinagar, Bhopal, Bhubaneshwar, Chandigarh and Agartala
Apart from the varying state-wise holidays. The banks will remain closed on some of the days of the weekends. It must be noted in this regard that weekend leaves are uniform in nature across India. These are mentioned below:
January 16: Sunday
January 22: Fourth Saturday of the month
January 23: Sunday
January 30: Sunday