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RBI’s January Bank-Holidays Kick In: Select States’ Branches Shut on New Year’s Day as BSE and NSE Trade

Digital services continue nationwide, with cheque and counter work available only on working days.

Overview

  • Banks are closed today, January 1, in Mizoram, Tamil Nadu, Sikkim, Manipur, Arunachal Pradesh, Nagaland, West Bengal and Meghalaya, while branches elsewhere operate normally.
  • Indian stock exchanges confirm a regular trading session on January 1, with the next market holiday on January 26 for Republic Day.
  • The RBI’s January calendar counts 16 closure days in total, combining 10 scheduled regional or national holidays with six weekend shutdowns.
  • Upcoming state-specific closures include Mannam Jayanthi on January 2 (notably in Kerala and Mizoram) and mid‑January harvest festivals such as Makar Sankranti and Pongal spanning January 14–17 in select states.
  • On bank-holiday dates, net and mobile banking, UPI and ATMs function, but cheque clearing, demand drafts and other over-the-counter services pause until branches reopen.