Plan in advance: Banks shut in Jan 2024 for New Year, Republic Day and more

Plan in advance: Banks shut in Jan 2024 for New Year, Republic Day and more
January, the first month of the year 2024 will unfold in front of us very soon in all its freshness, bringing a lot of hopes and promises. While we enter into the New Year, we reflect on the lessons learnt in the year that passed by and will come out with some plans and resolutions for the New Year. Financial planning is one of the most crucial tasks we must do with due care for the betterment of our personal, familial and professional lives. Reflecting on the importance of banks in our lives, it is also time to develop some strategies to use banking services in a better way as it would help improve our finances and other processes in a comprehensive way.

In India, both public sector and private sector banks follow the guidelines issued by the Reserve Bank of India with regard to their policies, offerings, schemes and holidays. The two types of holidays that apply to banks in India are national and regional holidays. While the former type of holidays are applicable to banks across the nation, regional holidays apply to banks in different states according to the holiday intimation published in the respective state gazette. In addition, banks in the country remain closed on Sundays in addition to second and fourth Saturdays.

Keeping track of bank holidays is necessary to avoid any disruptions in our financial planning and scheduling our banking activities. Since we depend on banks for several needs connected to our personal, familial and professional lives, we must stay up to date with bank holidays so that we schedule our bank visits for important banking functions on bank working days. Here is the list of bank holidays for January 2024.

Bank holidays in January 2024

DateDay DescriptionApplicable in
1 January 2024MondayNew Year's Day All over India
7 January 2024SundayWeekend holidayAll over India
11 January 2024ThursdayMissionary DayMizoram
12 January 2024FridaySwami Vivekananda JayantiWest Bengal
13 January 2024SaturdaySecond SaturdayAll over India
13 January 2024SaturdayLohriPunjab and other states
14 January 2024SundaySankrantiSeveral states
14 January 2024SundayWeekend holidayAll over India
15 January 2024MondayPongalTamil Nadu, Andhra Pradesh
15 January 2024MondayThiruvalluvar DayTamil Nadu
16 January 2024TuesdayTusu PujaWest Bengal and Assam
17 January 2024Wednesday Guru Govind Singh JayantiSeveral States
23 January 2024TuesdayNetaji Subhas Chandra Bose JayantiMany States
25 January 2024ThursdayState DayHimachal Pradesh
26 January 2024FridayRepublic DayAll over India
27 January 2024SaturdayFourth SaturdayAll over India
31 January 2024WednesdayMe-Dam-Me-PhiAssam


Take Away

The advent of digital banking has made banking a highly convenient experience for all segments of people. With the sophisticated digital banking technology, we can do online banking via our internet enabled devices. Also, ATMs across the country provide crucial banking functions at convenient locations. Therefore, the need to visit banks physically has come down. Nevertheless, keeping track of banking holidays will help avoid some last minute disappointments when we look forward to some banking functions that are done only during bank working hours.