Reserve Bank of India - RBI Holidays -2022

Remember ! your good old school calendar in which our favourite page was the list of holidays chalked out at the beginning of each academic year. Just knowing this piece of information meant so much to us.

Similarly, within the banking sector, the Reserve Bank of India ( RBI) is the apex body which publishes a detailed list of bank holidays, national and state-wise at the beginning of each calendar year.

The  RBI,  India’s Central bank, also called as the banker’s bank key responsibility is to regulate and supervise the monetary and other banking policies of the financial sector which comprises financial institutions, commercial banks, non-banking financial companies. 

As an extension to its core responsibilities, the RBI publishes a list of holidays at the beginning of each calendar year. 

As per the holiday list, whether it is national specific or regional specific, banks would not be operational on those dates.

Say for example: Republic Day, Independence Day, and Gandhi Jayanti are the only three National holidays; all other holidays are state-specific. 

For example: Banks remained closed on September 7-8, 2022  in Kerala for the Onam and Thiruvonam respectively.

There will be a bank holiday on September 26, 2022 in Jaipur and Imphal for Navratri Sthapna.

This comprehensive  list of holidays is in addition to weekend Sunday holidays as well as alternate second and fourth Saturdays holidays during which all Banks across India remain closed.

Consequently, the  Banks across India would  remain open on the 1st, 3rd and 5th Saturdays of every month (as per the notification of the RBI dated 28th August, 2015).

The main purpose of declaring this comprehensive holiday list ( details given in Annexure) in advance at the beginning of each calendar year is to make you aware of the impending holidays so that you can plan your banking transactions accordingly with minimal stress. Consequently, it  is mandatory for every bank across the  Central / State Governments / Union Territories to follow the guidelines issued by RBI.

Just to delve a bit deeper, this comprehensive list of holidays published by RBI is categorised as:

1.  State-wise celebrations
2. Religious holiday
3. Festival celebrations

and the basis of these holidays is governed by:

• Holiday under Negotiable Instruments Act Real Time Gross Settlement Holiday
• Banks’ Closing of Account

The RBI holiday list is applicable to traditional banking transactions.

As an netbanking and mobile banking customer, you can access your account 24*7*365.

You can also transact through NEFT payment service which is also available for 24×7*365 (including bank holidays).

However, in case of RTGS ( Real Time Gross Settlement) payment process, the 2nd and 4th Saturdays and all Sundays in a month are RTGS Holidays for every bank in India as per RBI guidelines. Besides, there is a list of additional RTGS holidays 20222 (apart from the already given holidays on 2nd & 4th Saturdays and every Sunday).

List of Holidays of RBI Regional Office Wise can check Below -