Bank Holiday 2021

All public and private sector banks remain closed on various public and national holidays. Apart from these holidays, every state has a separate list of state bank holidays. Here is the complete list of bank holidays in the year 2021.

Typically there are two types of bank holidays which are mentioned below:

• National Holidays:National holidays also known as gazetted holidays are observed across all the states. There are three bank holidays that are included in national holidays which are Republic Day, Independence Day & Mahatma Gandhi Jayanti. It is mandatory for banks and other financial institutions to remain shut on national holidays.
• Government Holidays:Government holidays are classified as State Government Bank Holidays & Central Government bank holidays. While Central Government bank holidays are observed across the country, the State government bank holidays differ for every state. For instance, Maharashtra Day is a bank holiday for Maharashtra, Goa Liberation Day is a bank holiday in Goa and similarly Haryana Day is a bank holiday in Haryana.

In addition to the holidays mentioned above, banks also observe holidays on every second and fourth Saturday of the month and even on every Sunday. In case there are five Saturdays in a month, banks are working for the same. The list of second and fourth Saturday in the year 2021 are mentioned below:

• 09 January 2021 - 2nd Saturday
• 23 January 2021 - 4th Saturday
• 13 February 2021 - 2nd Saturday
• 27 February 2021 - 4th Saturday
• 13 March 2021 - 2nd Saturday
• 27 March 2021 - 4th Saturday
• 10 April 2021 - 2nd Saturday
• 24 April 2021 - 4th Saturday
• 08 May 2021 - 2nd Saturday
• 22 May 2021 - 4th Saturday
• 12 June 2021 - 2nd Saturday
• 26 June 2021 - 4th Saturday
• 10 July 2021 - 2nd Saturday
• 24 July 2021 - 4th Saturday
• 14 August 2021 - 2nd Saturday
• 28 August 2021 - 4th Saturday
• 11 September 2021 - 2nd Saturday
• 25 September 2021 - 4th Saturday
• 09 October 2021 - 2nd Saturday
• 23 October 2021 - 4th Saturday
• 13 November 2021 - 2nd Saturday
• 27 November 2021 - 4th Saturday
• 11 December 2021 - 2nd Saturday
• 25 December 2021 - 4th Saturday

The Reserve Bank of India maintains an RTGS and NEFT system of electronically transferring funds from one bank to another. Individuals can transfer funds using these modes except on the RTGS and NEFT bank holidays mentioned as below:

✅What are 2021 Bank Holidays?

All public sector banks and private sector banks remain closed on national holidays, which are Independence Day, Republic Day and Mahatma Gandhi Jayanti. Along with that bank also observes government holidays, some of which are state-specific and other holidays remain common throughout the states. Further, banks also remain closed on Second and fourth Saturdays and all Sundays.

✅How many bank holidays are there in a year?

Bank holidays do not remain constant every year. Also, the number of bank holidays vary from state to state. However, there are three bank holidays which are observed by every bank, which are Independence Day, Republic Day and Mahatma Gandhi Jayanti.

✅Is New Year a bank holiday?

No, all banks do not remain closed on the new year. It is a Central Government bank restricted holiday.

✅Can we do banking transactions through NEFT or RTGS?

While most of the banks allow you to do NEFT or RTGS fund transfer through internet banking on bank holidays. However, NEFT/RTGS transactions by visiting the bank branch cannot be completed on RTGS or NEFT bank holidays.