Bank Holiday on January 14: Are banks open or closed on Makar Sankranti 2025, Tuesday? Check full list here
On January 14, banks will be closed in several cities due to Makar Sankranti and other regional festivals, as per RBI guidelines. Customers should verify local bank holidays and can still access online services and ATMs.
Makar Sankranti 2025: Banks will remain closed on Tuesday, January 14, in certain parts of the country on account of Makar Sankranti, Uttarayana Punyakala, Pongal, Maghe Sankranti, Magh Bihu and the Birthday of Hazrat Ali, according to the Reserve Bank of India (RBI) guidelines.
Banks will be such parts of the countries such as Ahmedabad, Bengaluru, Bhubaneswar, Chennai, Gangtok, Guwahati, Hyderabad - Andhra Pradesh, Hyderabad - Telangana, Itanagar, Kanpur and Lucknow.
Makar Sankranti 2025: Why are banks closed on January 14?
Makar Sankranti
Makar Sankranti is a Hindu festival celebrated across India. It marks the beginning of a new agricultural cycle and marks the end of winter.
Uttarayana
Uttarayana is predominantly celebrated in Gujarat, marking the northward movement of the Sun. The name stems from the Sanskrit terms "uttaram" (north) and "ayanam" (movement), which are the source of the term Uttarayana, also known as Uttarayanam.
Pongal
Pongal is a four-day harvest festival celebrated in South India, especially in Tamil Nadu. Believers express their gratitude to the Sun, Mother Nature, and farm animals for the harvest.
Maghe Sankranti
Maghe Sankranti is another name for Makar Sankranti in places such as Sikkim and Nepal, celebrating the harvest season.
Magh Bihu
The harvest festival of Assam is called Magh Bihu. This festival is also known as Bhogali Bihu or Maghar Domahi.
Birthday of Hazrat Ali
The birthday of Hazrat Ali is observed on the 13th day of Rajab in the Islamic calendar. In 2025, this day will be celebrated on January 14. Hazrat Ali is the fourth Caliph of Islam and the first Imam of Shia Islam. He is known for his contributions to Islamic governance, philosophy, and spirituality.
Bank holidays vary across the country according to different states. Hence, customers should check the list of holidays with their nearest bank branch.
Bank holidays are mentioned in the annual holiday calendar declared by the Reserve Bank of India (RBI) under the provisions of the Negotiable Instruments Act, which regulates the issuance of cheques and promissory notes. Transactions involving these instruments are not available during such holidays.
However, all banks will operate their online and mobile banking services apps regardless of bank holidays. Customers must check the latest notifications for the availability of such services. Customers can also withdraw cash from bank ATMs.
Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
Business NewsIndustryBankingBank Holiday on January 14: Are banks open or closed on Makar Sankranti 2025, Tuesday? Check full list here
First Published:10 Jan 2025, 02:35 PM IST
- Top Gainers
- Top Losers
- 52 Week High