By Admin 
Bank Holidays: If you also have to complete any bank related work, then this news is for you. Actually, banks are going to remain closed for the next three days from today except Saturday. In such a situation, before going to the bank, it is important to take a look at the list of holidays so that your work can be planned accordingly. Please note that these holidays are based on the RBI list.
RBI divides bank holidays into three different categories:-
Holidays under Negotiable Instruments Act- This means those government holidays in which banks remain completely closed such as Holi, Diwali, Christmas, Ganesh Chaturthi, Eid etc. These affect check clearing and branch-based banking.
RTGS holidays- The holidays covered under this vary from state to state depending on the festivals and traditions. During this period, bank branches remain closed, but digital services remain operational. Real time gross settlement transactions are not processed in the branch on RTGS holidays.
Closing of bank accounts- Every year 1st April is celebrated as account closure. Since this day marks the beginning of the new financial year, the bank employees are busy in completing the accounts of the previous financial year, hence despite the bank being open, there is no one left to serve at the counter.
When will there be bank holidays?
18 February- Banks will remain closed in Sikkim on the occasion of Losar festival. It is considered the first day of the Tibetan New Year. Apart from Sikkim, banks in the rest of the country will function as usual.
19 February- Banks will remain closed in Maharashtra due to the birth anniversary of brave Chhatrapati Shivaji Maharaj.
20 February- Banks will remain closed in Arunachal Pradesh and Mizoram due to State Day. However, functioning of banks in other states will continue as normal.
22 February- Because it is Sunday, banks will remain closed across the country. In this way, banking services will be affected for a total of 4 days.
Take help of online banking
However, despite the bank being closed, you can take the help of online banking, net banking, UPI apps. Money transactions can be done through NEFT or RTGS. Apart from this, transactions can also be done through credit or debit cards. You can use ATM machine to withdraw cash. Apart from this, with the help of digital banking, one can request check book and demand draft, update account and set PIN etc. However, for tasks like check clearance, cash deposit or loan application, you will have to wait till the branch opens.
Also read:
Even in the era of digital payments, currency circulation reached 40 lakh crores; Revealed in SBI report, know details