Bank holiday today: Are banks open or closed on 3rd Saturday, February 21? Check RBI calendar here
Since it is the third Saturday of the month, banks will remain open on February 21.
Bank Holiday Today, February 21: All public and private sector banks will remain open today, February 21, since it is only the third Saturday of the month.
All lenders, including SBI, HDFC Bank, PNB, ICICI Bank, and Axis Bank, will remain open in India.
When do banks typically close?
In India, banks have fixed leaves on the second and fourth Saturdays, as per RBI bank holiday rules. Since it is the third Saturday of the month, banks will remain open on February 21.
Banks remain closed on all Sundays.
Apart from weekends, bank holidays are based on national, regional and religious observances, depending on the state of residence.
Remaining bank holidays in February
Apart from the weekend holidays, there were just three bank holidays in February. Here is a list of the remaining bank holidays in February.
February 22 — Sunday — Pan India holiday for Sunday weekend.
February 28 — Saturday — Pan India holiday on account of fourth Saturday.
How are bank holidays decided?
Bank holidays in India are decided by the Reserve Bank of India, which publishes the RBI bank holiday calendar at the beginning of every year.
Bank holidays are followed as per the RBI bank holiday calendar.
The RBI categorises all bank holidays into three parts, namely, Negotiable Instruments Act, Real-Time Gross Settlement (RTGS) holidays and banks’ closing of accounts.
Bank holidays vary from region to region, depending on the festivals and observances. However, all banks observe holidays on national holidays like Republic Day and Gandhi Jayanti.
Digital banking option is always available
Even on a bank holiday, not all banking options close for customers. Digital banking services remain fully functional on all days irrespective of branch operations.
Customers can withdraw cash from ATMs, make payments using UPI and use the internet and mobile banking services. This implies that daily digital transactions continue without any disruption.
About the Author
For about a decade, Livemint—News Desk has been a credible source for authentic and timely news, and well-researched analysis on national news, business, personal finance, corporates, politics and geopolitics. We bring the latest updates on all the listed companies on BSE and NSE, startups, mutual funds, Union ministries, geopolitics, and untapped human interest stories from around the world, helping our readers to stay informed on the latest developments around the globe. Our Coverage Areas 1. Companies: Comprehensive news and analysis on listed and unlisted companies, corporate announcements, corporate chatter, C-suite, business trends, hiring alerts, layoffs, work-life balance, world's top billionaires and richest and more. 2. Personal finance: Insights into mutual funds, small savings schemes like - PPF, SSY, post office savings scheme, stock to watch, personal loans, credit cards, top bank FDs, real estate, income tax and more. 3. Politics: Comprehensive coverage of general elections, state elections and bypolls, Lok Sabha, Vidhan Sabha, Parliament, PMO, PIB, finance ministry, home ministry, among other union ministries and government departments. 4. National News: From metro cities like Delhi, Mumbai, and e to untapped stories from rural India, we cover human interest, health, education, crime and courts, and law and order, among other areas of public interest. 5. Economy: In-depth analysis of India's macro and micro-economic indicators like- GDP, inflation, forex, fiscal deficit, current account deficit, interest rate cycle, economic recovery, RBI circulars, indirect taxes, GST, Insolvency and Bankruptcy imports, exports and everything that impacts Indian economy. 6. Geopolitics: Well-rounded and deeply researched coverage on US News, Oval Office European Union, Ukraine Russia War, middle-east crisis, royal families and global leaders like - Donald Trump, Vladimir Putin, Kim Jong Un, Xi Jinping and premiers of other leading economies in the world. Meet the Team 1. Gulam Jeelani, Political Affairs Editor 2. Sugam Singhal, Senior Assistant Editor 3. Chanchal, Assistant Editor 4. Sanchari Ghosh, Chief Content Producer 5. Pratik Prashant Mukane, Chief Content Producer 6. Sayantani Biswas, Chief Content Producer 7. Ravi Hari, Deputy Chief Content Producer 8. Garvit Bhirani, Deputy Chief Content Producer 9. Akriti Anand, Senior Content Producer 10. Jocelyn Felix Fernandes, Senior Content Producer 11. Swastika Das Sharma, Content Producer 12. Mausam Jha, Content Producer 13. Riya R Alex, Trainee Content Producer
Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.