Key Highlights
- The RBI categorises all bank holidays into three parts, namely, Negotiable Instruments Act, Real-Time Gross Settlement (RTGS) holidays and banks’ closing of accounts.
- According to the RBI bank holiday calendar, banks typically remain closed on second and fourth Saturdays.
- They remain open on first, third and fifth Saturdays of every month.
- Bank holidays are observed all across the country every Sunday.
- Bank holiday on Saturday is designated as a holiday under the Negotiable Instruments Act by the RBI.
