Holidays in February: February, the shortest month of the year, is nearing the end of its first half. As we move on to the other half, banks in all private and public sectors will remain closed for up to nine days due to various public holidays. This is according to a list prepared by India’s central bank RBI. The Reserve Bank of India has published a list of public holidays for the year 2022 in its annual list. Holidays have been prepared according to this list.
According to the RBI list, there are up to six public holidays per state in February 2022, some of which have been used. The remaining public holidays are weekends when banks are closed nationwide. So, if you have any bank-related work, you should check with your nearest branch first on public holidays in February so you can get your work done seamlessly. On that note, you should also keep in mind that this shouldn’t be of much concern as these holidays are largely state-related. This means that they are generally not uniform in nature.
Public holidays come into force according to a list published by the Reserve Bank of India or RBI. According to a list from the central bank, the number of public holidays has been set at six this month. The rest are weekend holidays. This includes every Sunday of the month, as well as the second and fourth Saturdays. Banks remain open the first and third Saturdays of each month. The list of RBI public holidays falls into three categories. These are state celebrations, religious holidays and festival celebrations.
The central bank notification for public holidays was notified in three tranches, including “Leave under the Negotiable Instruments Act”, “Leave under the Negotiable Instruments Act and Gross Settlement Time Holiday real” and “Closing of bank accounts”. During these public holidays, all branches of banks, which include public sector, private sector, foreign banks, cooperative banks and regional banks, will remain closed.
Here is the full list of public holidays for the second half of February 2022, as per the RBI mandate: (Effective February 12)
List of holidays according to the Public Holidays Act under negotiable securities
February 15 – Birthday of Mohammad Hazrat Ali/Louis-Nagai-Ni -Imphal, Kanpur, Lucknow
February 16 – Guru Ravidas Jayanti – Chandigarh
February 18 – Doljatra – Calcutta
February 19 – Chhatrapati Shivaji Maharaj Jayanti – Belapur, Mumbai, Nagpur
Excluding holidays vary by state. Banks will remain closed on some weekend days. It should be noted in this regard that weekend holidays are uniform in nature across India. These are mentioned below:
February 12 – Second Saturday of the month
February 13 – Sunday
February 20 – Sunday
February 26 – Fourth Saturday of the month
February 27 – Sunday
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