In honour of the opening of the Ayodhya Ram Mandir on January 22, 2024, certain state governments have declared the day off for their offices and educational institutions. The Centre and PSU banks have both declared a half-day for all of their offices. However, even private banks in Uttar Pradesh will be closed on January 22, as per the Reserve Bank of India’s latest update. While, banks in other states will be open and will function until regular timings.
According to the PIB release dated January 19, 2023, “The order says, the Ram Lalla Pran Pratishtha at Ayodhya will be celebrated on 22nd January, 2024 across India. To enable employees to participate in the celebrations, it has been decided that all Central Government Offices, Central Institutions and Central Industrial Establishments throughout India will be closed for half day till 1430 hours on 22nd January, 2024.”Ram Mandir hikes property prices 900% in Ayodhya: How much can you profit if you invest now?
As per a PTI news report is that, “Public sector banks, insurance companies, financial institutions and regional rural banks will remain closed for half day on January 22 (till 2.30 pm) due to the Ram temple consecration ceremony in Ayodhya.”
The RBI classifies bank holidays into three categories: Holidays under the Negotiable Instruments Act, Holidays under the Negotiable Instruments Act and Real-Time Gross Settlement Holiday, and Banks’ Closing of Accounts.
The list of bank holidays is published by the Reserve Bank of India (RBI). It’s crucial to remember that the RBI notifies banks and other financial institutions of its holiday schedule via official means, such as its website.
Bank branches of private banks in Uttar Pradesh will be closed on January 22, 2024 (Monday). The Reserve Bank of India (RBI) has updated its bank holiday matrix, which now states that all banks (including PSU and private banks) in Uttar Pradesh will be closed for the full day. For some private banks, even in Uttrakhand their branches will be shut.
HDFC Bank, ICICI Bank and Axis Bank confirmed to ET Wealth Online that their branches in Uttar Pradesh will be closed on January 22.
According to the RBI Bank holiday list, banks in Uttar Pradesh, banks will closed on the occasion of consecration ceremony of Lord Shri Ram in the temple built in Shri Ram Janmabhoomi. Im Manipal, banks are closed on the occasion of Moinu Iratpa.
Ram Mandir Inauguration Holiday: list of states which have declared Jan 22 as holiday; are banks closed
Can you exchange Rs 2,000 notes in RBI on January 22?
“The facility of exchange / deposit of Rs 2000 banknotes will not be available on Monday, January 22, 2024 at any of the 19 Issue Offices1 of the Reserve Bank of India due to the half-day closure announced by the Government of India. The facility will resume on Tuesday, January 23, 2024,” the RBI said in a press release on January 19, 2023.
Other January 2024 bank holidays
Next week banks will witness a long weekend as January 26 (Republic day) falls on Friday followed by a second Saturday and Sunday.
January 23 (Tuesday)- Gaan-Ngai- Banks are closed in Manipur.
January 25 (Thursday)- Thai Poosam/Birthday of Md. Hazarat Ali- Tamil Nadu, Maharashtra, Uttar Pradesh.
January 26 (Friday): All Indian banks are closed.
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| Thiruvananthapuram | • |
