January 2024 Bank Holidays, How Many Holidays Are There In January?

Here we are going to talk about the Bank holidays in January 2024 as the public is searching about them over the internet. The public is going through the internet to learn more about Bank holidays in January 2024 and not only that they also like to know the full details about them. So, we have brought information about Bank holidays in January 2024 in this article for our readers. Not only that we are also going to give the details about its full details as the public is searching about them over the internet. So, keep reading through the article to know more.

Bank Holidays in January 2024

January 2024 Bank Holidays

Bank holidays are divided into three categories by the Reserve Bank of India (RBI): holidays under the Negotiable Instruments Act, holidays under the Negotiable Instruments Act and Real-Time Gross Settlement Holidays, and holidays associated with banks closing their accounts. In January 2024, banks will be closed for a total of sixteen days in India. January in India has several important bank holidays, including Republic Day on January 26 and New Year’s Day on January 1. Festivals, public holidays, second and fourth Saturdays and all Sundays will all fall within these 16 days. Customers should be aware of these scheduled holidays if they have any urgent banking needs.

January 2024 Bank Holidays

Customers won’t be allowed to visit bank offices these days, but important digital services like Internet, UPI, and mobile banking will continue to operate normally until they are notified otherwise. It’s crucial to remember that state holidays can differ. The State Government, Central Government, and Union Territories Act of 1881 lists bank holidays. In India, three national holidays are observed. This covers the public holidays on August 15 (Independence Day), January 26 (Republic Day), and October 2 (Mahatma Gandhi Jayanti). Bank holidays are categorized by the RBI into three groups: holidays under the Real-Time Gross Settlement Holiday, holidays under the Negotiable Instruments Act, and holidays for banks closing their accounts.

Banks will be closed for holidays such as Good Friday, Diwali, Christmas, Eid, Guru Nanak Jayanthi, and Ganesh Chaturthi. While many states celebrate festivals like Diwali and Ganesh Chaturthi, each state has its own date for these celebrations. Nevertheless, to complete a transaction, make sure that these banking services are activated and that the phone number is connected to obtaining the OTP. Most bank transactions can be finished online through net banking and mobile banking. Online banking is a type of electronic payment system that allows customers to carry out various non-financial and financial activities through the financial institution’s website. It is also referred to as virtual banking, e-banking, or online banking.

Neksha Gupta

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