Bank holiday today: Are banks open or closed on Saturday, January 18 | Check full list for this month | Mint

Bank holiday today: Banks will remain open on Saturday, January 18, 2024, according to the Reserve Bank of India (RBI) calendar. Typically, banks are open on the first and third Saturdays of every month, whereas they remain closed on the second and fourth Saturdays. January 18 is the third Saturday of the month, therefore the banks will be open on this day.
The RBI categorises bank holidays under the Negotiable Instruments Act into three types: Real-Time Gross Settlement (RTGS) holidays and banks’ closing of accounts. The bank holidays are informed through the RBI’s official channels, which are the website and notifications to banks.
January 18 is designated as a holiday under the Negotiable Instruments Act, which deals with issuing cheques and promissory notes. Transactions involving these instruments will not be available during the holidays.
Meanwhile, online banking services will be available across the country during bank holidays to ensure seamless access to banking services, even on bank holidays. Customers can use these services for convenient financial transactions.
Fund transfer requests can be made using NEFT/RTGS transfer forms, demand draft request forms, and chequebook forms. Credit cards, debit cards, and ATM cards can be availed through card services. Additionally, services such as account maintenance forms, setting up standing instructions, and applying for a locker are available.
Bank holidays in January
The next designated bank holiday is January 23, on account of Netaji Subhas Chandra Bose’s birthday, Vir Surendrasai Jayanti, and general elections to the Municipal Local Bodies. Banks will remain closed in certain parts of the country. There are 13 designated bank holidays in January, including weekends.
Bank holidays in January 2025: Check full list
January 1- New Year’s Day/Loosong/Namsoong
Banks will remain closed on 1 January 2025 in Aizawl, Chennai, Gangtok, Imphal, Itanagar, Kohima, Kolkata, and Shillong.
January 2- Loosong, Namsoong, New Year Celebration
Banks will remain closed in Aizwal, Gangtok
January 6- Sri Guru Gobind Singh’s Birthday
Banks will remain closed in Chandigarh
January 11- Missionary Day, Imoinu Iratpa, Second Saturday
Banks will remain closed in Imphal, Aizwal
January 14-Makar Sankranti, Uttarayana Punyakala, Pongal, Maghe Sankranti, Magh Bihu, Birthday of Hazarat Ali
Banks will remain closed in Ahmedabad, Bengaluru, Bhubaneswar, Chennai, Gangtok,Guwahati, Hyderabad – Andhra Pradesh, Hyderabad- Telangana, Itanagar, Kanpur, Lucknow.
January 15-Thiruvalluvar Day
Banks will remain closed in Chennai
January 16-Uzhavar Thirunal
Banks will remain closed in Chennai
January 23- Birthday of Netaji Subhas Chandra Bose/Vir Surendrasai Jayanti
Banks will remain closed in Agartala, Bhubaneswar, Kolkata
January 25- Fourth Saturday
January 26- Sunday, Republic Day
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