Residents of Manipur and Mizoram should note that all banks will remain shut in their states on Wednesday, January 31. This closure is as per the official holiday calendar issued by the Reserve Bank of India (RBI). While the rest of the country's banks will operate normally, these two northeastern states observe distinct local occasions.
Why Are Banks Closed Today?
The reason for the bank holiday differs for each state. In Mizoram, the closure is for New Year's Eve celebrations. Meanwhile, in Manipur, banks are shut to observe Imoinu Iratpa, a significant festival in the Manipuri culture.
Which Banks Are Affected?
The holiday applies to all public and private sector banks operating in these regions. Major lenders like State Bank of India (SBI), Punjab National Bank (PNB), ICICI Bank, Axis Bank, and HDFC Bank will keep their branches closed in Manipur and Mizoram. Customers are advised to plan their banking transactions accordingly.
Understanding the RBI Holiday Calendar
The Reserve Bank of India releases a state-wise list of bank holidays annually. This schedule dictates when lenders must close their branches, incorporating national holidays, state-specific festivals, and other important occasions. It's important to remember that bank holidays can vary significantly from one state to another based on local observances.
For the rest of India, January 31 is a regular working day for banks. There is no nationwide bank holiday declared. Customers outside Manipur and Mizoram can access all banking services as usual.
