Bank Holidays in India 2021: List of Bank Holidays 2021

Types of Bank Holidays 2021

There are two types of Bank Holidays :

• National Holidays
• Government Holidays.

National Holidays refers to those holidays which are applicable all across the nation and India observes three national holidays that include:

1) Republic Day

2) Independence Day

3) Mahatma Gandhi Jayanti. 

Government holidays can be further classified into State government bank holidays and Central Government bank holidays. State government bank holidays may differ amid Indian states whereas Central Government bank holidays are more commonly observed across the country. For ex- Lui-Ngai-Ni Day is a bank holiday in Manipur while Sonam Losar Day is a bank holiday in Sikkim, Similarly, there are many state bank holidays based on the states.

Also check; Best books to prepare for bank exams

Bank Holidays in India 2021: State-Specific Holidays

Each state has its own specific events or festivals, depending on these RBI has released state-wise bank holiday lists. State governments decide specific holidays based on their regional and cultural significance. 

Click on the link of the state for which you are looking and you will be taken to the page of that particular state depicting its Bank Holidays 2021 in India.

RTGS and NEFT Holidays 2021

RTGS is an acronym used for Real-Time Gross Settlement whereas NEFT is an acronym used for National Electronic Funds Transfer. Both RTGS and NEFT allow people to transfer cash from one bank to another as per the RBI guidelines. The Reserve Bank of India maintains both NEFT and RTGS.

Note: The services of RTGS and NEFT can be used by an individual on other types of bank holidays. If an individual transfers money on a bank holiday, money gets credited to the receiver’s account but the sender may get the receipt on the following bank working day and not on the same day of transfer.

How Bank holidays are decided in India?

The bank holidays are decided by the central government, the state government, and the Union territories in India considering multiple factors.

India is a nation with a variety of cultures and that is why we have another type of holiday as well along with the National holidays to keep the sentiments of all people from different nooks and corners together. Some holiday is decided by the state government based on the importance of that day for that particular state people and is not applicable anywhere else in the nation. Good Friday, Christmas, Diwali are Some of the central government holidays.

Features of Bank Holidays in India

a) Public or bank holidays differ from state to state. However, Bank holidays on 2nd and 4th Saturday remain uniform.

b) In case there are  5 Saturdays in the month, then the bank would work on the 5th Saturday and there will be no holiday.

c) some states even have holidays for the birth or death anniversary of a particular religious leader, while others may not. So, no uniformity is followed between all the states based on this.

d) If some public or bank holidays fall on a Monday or Friday, then you get a higher number of holidays if you avail leave of them together.

e) Government holidays does not necessarily mean that the bank would always remain closed and vice versa. Gazetted holidays, bank holidays, public holidays, and government holidays are ways to describe the different holidays in India and hence should not be confused.

f)Well, it is always a good idea to check the holidays in advance before you plan how to spend them. You can take a look at the list that we have given you. Make sure to bookmark the page.

Discover India During a Bank Holiday 2021

Banks holidays are the best way to know more about your country as you can go and visit new places and enjoy some time with your family and friends. You can also read various books, documentaries, which you read or see during a bank holiday in India.

There are several books written on Indian Heritage and culture by great authors. You can Google and read the review about them. Here are a few recommended books which you can try during a bank holiday in India.

You can also read online about a certain place and discover more about it by seeing a video on it on YouTube. This will enhance your knowledge about your nation and you can also plan a family trip to visit that place later on and you can lead the troop as well because you have gained enough knowledge about it.

Keep yourself fit

Yes! now you can give rest to all the excuses that you have been making for so long and can finally go to a gym or do yoga. Bank holidays can be a great time to give yourself some me-time. You can go jogging in the evening if not in the morning because now you are home. Try to eat healthy when you are at home. There is a lot of organization that conducts free yoga sessions for people, you can join them as well but make sure that you are doing something physical to keep yourself fit and healthy. Do not enjoy your bank holiday by sleeping or by just sitting on the couch. Make sure that you are doing something productive for yourself that is helping you to keep yourself fit and healthy.