
Bank holidays next week: Banks across India will be closed on two days next week, for second Saturday and Sunday weekend holidays, on 14 and 15 February, respectively.
Notably, the Indian central bank has listed around nine holidays during the month for all public and private lenders, including the State Bank of India (SBI). This includes the weekend holidays for second Saturday, fourth Saturday, and all Sundays.
Unless a specific public or regional holiday is declared, banks remain open on the first, third and fifth Saturdays of each month.
All of the bank's annual holiday calendar is declared by the Reserve Bank of India (RBI) under provisions of the Negotiable Instruments Act, which deals with the issuance of cheques and promissory notes. Transactions involving these instruments are thus not available during these listed holidays.
Jocelyn Fernandes is a journalist and editor with 12+ years of experience covering business and the economy. She is the Chief Content Producer at Mint...Read More
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