Banks in India will remain closed for 14 days in the month of April, according to the Reserve Bank of India (RBI) calendar. Out of these 14 days, eight holidays are on account of various festivals and the bank closing day (April 1) while the rest are regular holidays including four Sundays and two Saturdays.
Bank holidays will differ according to states and are sometimes not observed by all banks. Holidays also depend on the festivals being observed in a particular state.
The country’s central bank categorises its holidays under categories: Holiday under Negotiable Instruments Act, and Real-Time Gross Settlement Holiday Banks’ Closing of Accounts.
Those who have postponed their work related to the banking sector for April must look at the dates mentioned in the calendar to plan accordingly.