Key Highlights
- According to the Reserve Bank of India (RBI) bank holiday calendar, banks remain closed on the second and fourth Saturdays of the month.
- They also remain closed on every Sunday of each month due to weekly offs.
- However, there are no bank holidays on the first, third and fifth Saturdays of the month due to week-off reasons.
- Bank holiday on Saturday is designated as a holiday under the Negotiable Instruments Act by the RBI.
- This bank holiday regulates the issuing of cheques and promissory notes.
