The banks in India will discontinue work for 11 days in January. In December, the public and private sector banks is not in function for 14 days.
As per the list of holidays, some bank holidays are state-specific and thereby not applied for all the states. Across the country the banks will be closed in observance of the national holidays. The Reserve Bank of India (RBI) laid out a chronological list of holidays for each month.
The list of bank holidays in January:
January 2, 2023 – Monday, New Year Celebration (Aizawl)
January 3, 2023 – Tuesday, Imoinu Iratpa (Imphal)
January 4, 2023 – Wednesday, Gaan-Ngai (Imphal)
January 26, 2023 – Thursday, Republic Day (Pan-India)
Banks will not be functioning on these weekends:
January 1, 2023 – Sunday
January 8, 2023 – Sunday
January 14, 2023 – Second Saturday, Makar Sankranti
January 15, 2023 – Sunday, Pongal
January 22, 2023 – Sunday
January 28, 2023 – Fourth Saturday
January 29, 2023 – Sunday
The Reserve Bank of India has incorporated holidays under three brackets comprising Negotiable Instruments Act, Negotiable Instruments Act and Real-Time Gross Settlement Holiday and Banks’ Closing of Accounts.