India to Observe Bank Holiday on New Year's Day, Check Full List of Holidays

As the clock strikes midnight at the end of 2024, many individuals are eager to know about their banking options on January 1, 2025, which falls on a Wednesday. The Reserve Bank of India (RBI), the authority responsible for determining bank holiday schedules nationwide, has announced that most banks will remain closed on this day in observance of New Year.

However, banking enthusiasts should note that several states have their own unique observances and celebrations throughout the year. In preparation for January 1, 2025, our team gathered information from reliable sources. Although no official list has been released by the RBI yet, we've compiled a tentative list of bank holidays to give you an idea of what's in store.

According to the list, all of India will be closed on January 5, 2025 (Sunday), except for Guru Gobind Singh Jayanti celebrations in Chandigarh and Haryana on January 6, 2025 (Monday).

Over the next few weeks, Republic Day falls on January 26, 2025, marking a significant national observance.

Additionally, bank branches located in certain states may be open for specified holidays throughout the year. The RBI reviews the annual holiday schedule taking into account notable events such as National and local festivals and celebrations across the nation. Customers are advised to check with their respective banks or visit the official website of the Reserve Bank India for any updates prior to planning essential banking activities.

For a complete detailed list, refer to the full list below —

1 January 2025 (Wednesday): New Year's Day (All over India) 2 January 2025: (All over India) 3 January 2025: (Reserve Bank of India Holiday) 5 January 2025 (Sunday): New Year Celebrations and First Saturday (Pan India) 6 January 2025 (Monday): Guru Gobind Singh Jayanti 13 January 2025: Lohri - 1st Monday after 14th December at any point in Punjab, Jammu &Kashmir. And Himachal Pradesh. 19 January 2025: First Saturday — All over India 22 January 2025 (Monday): Netaji Subhas Chandra Bose Jayanti (Odisha) 29 January 2025: Third Monday as Sonam Losar (Sikkim) 30 January 2025: Fourth Saturday — All over India 31 January 2025(Tuesday): Second Saturday (PanIndia)

The final announcement of the RBI's 2025 bank holiday schedule may appear at an upcoming deadline.