Bank Holiday: Will Banks Remain Shut On New Year, January 1, 2025? Check Details

Although the official calendar for January 2025 has not been announced, banks are expected to have 13 non-working days, including two Saturdays and four Sundays

Bank Holiday: While banks may be closed on New Year’s Day, online banking services through websites and mobile apps will remain fully operational

Source : ABPLIVE AI

As we approach the beginning of the new year, there is a lot of confusion among people if banks will remain open on January 1, 2025, in the wake of New Year’s Day. January month includes several holidays, including national, regional, and festive observances. Banks, both public and private, will be closed on two Saturdays and four Sundays throughout the first month of the year. However, it’s important to note that bank holiday schedules can vary by state, so it’s always a good idea to confirm with your local branch.

Will Banks Be Closed on New Year's Day?

Most banks across the country will be closed on January 1, 2025, for New Year’s Day. However, in the states of Mizoram and Sikkim, banks will be closed on December 31, 2024, in observance of New Year's Eve celebrations.

Tentative Bank Holidays in January 2025

Although the official calendar for January 2025 has not been announced, banks are expected to have 13 non-working days, including two Saturdays and four Sundays.

Here is the tentative holiday list for January 2025:

• 1 January 2025 (Wednesday): New Year's Day – Pan India
• 5 January 2025 (Sunday): Pan India
• 6 January 2025 (Monday): Guru Gobind Singh Jayanti – Chandigarh, Haryana
• 11 January 2025 (Saturday): Second Saturday – Pan India, Missionary Day – Mizoram
• 12 January 2025 (Sunday): Pan India, Swami Vivekananda Jayanti – West Bengal
• 13 January 2025 (Monday): Lohri – Punjab, Jammu, Himachal Pradesh
• 14 January 2025 (Tuesday): Sankranti (multiple states), Pongal – Tamil Nadu, Andhra Pradesh
• 15 January 2025 (Wednesday): Thiruvalluvar Day – Tamil Nadu, Tusu Puja – West Bengal, Assam
• 19 January 2025 (Sunday): Pan India
• 23 January 2025 (Thursday): Netaji Subhas Chandra Bose Jayanti – Odisha, Tripura, West Bengal
• 24 January 2025 (Saturday): Fourth Saturday – Pan India
• 26 January 2025 (Sunday): Republic Day – Pan India
• 30 January 2025 (Thursday): Sonam Losar – Sikkim

Online Banking Services During Holidays

While banks may be closed on New Year’s Day, online banking services through websites and mobile apps will remain fully operational, regardless of weekends or other holidays. Customers can also access ATMs for cash withdrawals during this period.

Each year, the Reserve Bank of India (RBI) issues the annual bank holiday calendar under the provisions of the Negotiable Instruments Act. When preparing this list, the RBI takes into account national and local events, religious celebrations, and cultural observances. The official holiday list is published on the RBI’s website and shared with all financial institutions. However, the RBI has not yet released the holiday calendar for 2025.