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2w ago

RBI Cancels Sept. 5 Bank Holiday, Shifts Closure to Sept. 8 for Settlements

The change follows Maharashtra’s move to observe the Mumbai holiday on Sept. 8 to ease policing during Ganesh immersion.

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The Reserve Bank of India logo is pictured outside its headquarters in Mumbai.
There will be no transactions and settlements in Government securities, foreign exchange, money markets and rupee interest rate derivatives on September 08, 2025.

Overview

  • Banks are scheduled to operate nationwide on Friday, Sept. 5, though some states may still keep selected branches closed based on earlier local notifications for Eid‑e‑Milad or Thiruvonam.
  • The RBI said there will be no transactions or settlements in government securities, foreign exchange, money markets and rupee interest rate derivatives on Monday, Sept. 8, with all such dues shifting to Tuesday, Sept. 9.
  • Mumbai City and Mumbai Suburban districts will observe the public holiday on Sept. 8, while the rest of Maharashtra retains Sept. 5 as the Eid‑e‑Milad holiday.
  • Settlement of the Sept. 4 government securities auction will occur on Sept. 9, and SDF/MSF operations have been adjusted in line with the revised holiday schedule.
  • Stock exchanges will trade as usual on Sept. 5 and digital banking channels, including UPI, NEFT, RTGS, IMPS and ATMs, remain available regardless of branch closures.