Bank Holidays in December 2023: As November comes to an end, we're getting ready for the last month of the year, December. Like every month, the Reserve Bank of India (RBI) has shared the list of days when banks will be closed. In December, there are a total of 18 official bank holidays, counting Saturdays and Sundays.
Additionally, the All India Bank Employees Association (AIEBA) plans to go on strike for six days. If you have important things to do at the bank in December, make sure to check the holiday list and the strike dates. Below is the detailed list of bank holidays in December 2023.
The Reserve Bank of India (RBI) has released a calendar specifying the dates when banking operations will be closed in March. These bank holidays are determined by the State Government, Central Government, and Union Territories according to the Negotiable Instruments Act of 1881.
India observes three national holidays on January 26th (Republic Day), August 15th (Independence Day), and October 2nd (Mahatma Gandhi Jayanti). In addition to five festival holidays in December 2023, banks in the country will also be closed on 5 Sundays and 2 Saturdays, resulting in a total of 18 holidays.
There are two types of bank holidays: state holidays and national holidays. State holidays are specific to a particular state and may or may not coincide with bank holidays depending on the state. National holidays are observed nationwide, and on these days, all banks across the country are non-operational.