As 2023 winds down, India prepares to welcome 2024 with open arms amidst the wintry charm of December. With the anticipation of festivities and celebrations filling the air, it becomes crucial for both individuals and businesses to keep track of the scheduled bank holidays to ensure seamless financial transactions and timely planning.
Understanding bank holidays in India is not only a practical necessity but also an opportunity to synchronize with the nation’s financial pulse. It is important to be aware that in India, banks are closed on all Sundays and the second and fourth Saturdays of every month. All holidays for Indian banks are determined under the guidance of the Reserve Bank of India. There are two types of holidays in India, namely regional and national holidays. National holidays are applicable for banks throughout the country, whereas banks in specific states observe regional holidays. It is advisable to check regional holidays with reference to your state holiday gazette.
Looking at the month of December 2023, there are several significant festivals to be celebrated, leading to a number of public holidays. Below is a list of regional, national, and weekend holidays:
– December 1, 2023: Indigenous Faith Day, World AIDS Day (Arunachal Pradesh)
– December 2, 2023: National Pollution Control Day, International Day for the Abolition of Slavery, World Computer Literacy Day (All Over India)
– December 3, 2023: Weekend Holiday (All Over India)
– December 5, 2023: Sheikh Muhammad Abdullah Jayanti (Jammu & Kashmir)
– December 9, 2023: Second Saturday (All Over India)
– December 10, 2023: Weekend Holiday (All Over India)
– December 17, 2023: Weekend Holiday (All Over India)
– December 18, 2023: Guru Ghasidas Jayanti (Chandigarh)
– December 19, 2023: Liberation Day (Goa)
– December 23, 2023: Fourth Saturday (All Over India)
– December 24, 2023: Guru Teg Bahadur’s Martyrdom’s Day (Punjab, Chandigarh) and Weekend Holiday (All Over India)
– December 25, 2023: Christmas (All Over India)
– December 26, 2023: Sardar Udham Singh Jayanti (Haryana)
– December 30, 2023: Tamu Losar (Sikkim)
– December 31, 2023: Weekend Holiday (All Over India)
The prevalence of digital banking and electronic payments has become widespread in India, transforming financial transactions into a seamless experience for all citizens. However, it is essential to stay aware of bank holidays and plan banking activities accordingly. This will ensure swift and hassle-free money withdrawals, deposits, and other banking operations.