Headline: Bank Holiday Today in April 2024: The RBI and state governments decide on the holiday calendar. The regional bank holidays vary according to the local customs of each state.
In most states, banks will be closed on April 1 for their yearly shutdown. However, banks will be open in Chandigarh, Himachal Pradesh, Meghalaya, Mizoram, Sikkim, and West Bengal.
As the new fiscal year 2024-25 begins on April 1, banks will execute fiscal year-end formalities, causing normal banking services to be disrupted as they work to complete all necessary procedures.
Overall, due to Bank Holiday Today in India will be closed for 12 days in April 2024. This will differ by state according to the Reserve Bank of India calendar, for reasons such as public holidays, regional holidays, Saturdays, and Sundays.
Bank holiday today on April 01
Most Indian banks will close on April 1 for their annual closure. Outliers include Chandigarh, Himachal Pradesh, Meghalaya, Mizoram, Sikkim, and West Bengal.
The new fiscal year 2024-25 begins on April 1, and all banks are busy finishing fiscal year-end requirements. During this time, typical banking services are disrupted, and most employees work extra hours to complete all necessary procedures.
Banks will be closed for 12 days in April 2024, however, the exact date may vary by state. The Reserve Bank of India’s (RBI) holiday list covers public holidays, regional holidays, Saturdays, and Sundays, which are determined by the central bank and state governments.
The new fiscal year 2024-25 begins on April 1, and all banks are busy finishing fiscal year-end requirements. During this time, typical banking services are disrupted, and most employees work extra hours to complete all necessary procedures.
RBI classifies Bank holidays into three Categories
The RBI categorizes holidays into three types: Negotiable Instruments Act Holidays, Real Time Gross Settlement Holidays, and Bank Account Closing Holidays.
April 1, 2024, is scheduled as a Bank Account Closing Holiday, allowing banks to close their annual accounts. It is crucial to note, however, that Mizoram, Chandigarh, Sikkim, West Bengal, Himachal Pradesh, and Meghalaya will not be affected by the closure.
Bank holiday Today: Can you use online banking facilities and ATMS
You can use online banking and ATMs even when banks are closed. To secure access, simply organize your bank visits on specified dates.
Bank holidays April 2024
Here are the holidays on which banks will be closed in April 2024.
- Bank Account Closing for annual accounts
- Babu Jagjivan Ram’s Birthday / Jumat-ul-Vida
- Gudhi Padwa, Ugadi Festival, Telugu New Year’s Day, Sajibu Nongmapanba (Cheiraoba), 1st Navratra, and Ramzan-Id (Eid-Ul-Fitr).
- Bohag Bihu/Himachal Day, also known as Cheiraoba, Baisakhi, or Biju Festival.
- Shree Ram Navami (Chhaite Dasain)
- Geria Puja
Conclusion
Bank holiday today in April 2024 vary by state due to regional customs and RBI directives. As the new fiscal year begins, banks prioritize year-end formalities, which affects usual services. While closures are planned for 12 days, online banking and ATMs remain open, providing convenience throughout holiday delays.
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