Understanding the bank holidays in India is not only a practical necessity but also an opportunity to synchronize with the rhythm of the nation's financial pulse. So, let's dive into the calendar of December 2023 and navigate the holiday season with informed enthusiasm.
In India, banks are closed on all Sundays for weekend holidays. In addition, the second and fourth Saturdays of all months are holidays for banks. All the holidays for Indian banks are decided under the guidance and auspices of the Reserve Bank of India. The two types of holidays in India are regional and national holidays. While national holidays are applicable for banks throughout the country, banks of specific states go on holidays on regional holidays. It is advisable to cross check the regional holidays with reference to your state holiday gazette.
Quite a few significant festivals will be celebrated in the month of December and hence the month’s calendar shows up a number of public holidays. Hereunder, check the list of regional, national and weekend holidays for December 2023.
The prevalence of digital banking and electronic payments has become widespread in India. The introduction of UPI payments has transformed financial transactions into a seamless experience for every Indian citizen, alleviating a considerable burden on traditional banking systems. When in need of swift and hassle-free money withdrawals, deposits, or other straightforward banking operations, a visit to the nearest ATM suffices. However, it's essential to stay aware of bank holidays and strategically plan your banking activities accordingly.