As the new week begins, many bank customers across India are wondering about their financial errands. If you planned a visit to your bank branch on Saturday, January 10, you need to reschedule. Banks across the country are closed today.
Why Are Banks Closed on January 10?
The Reserve Bank of India (RBI) sets the annual holiday calendar for banks, which includes national holidays, festivals, and specific weekend closures. A key rule to remember is that banks are not operational on all Saturdays. As per RBI guidelines, banks remain shut on the second and fourth Saturdays of every month. They are typically open on the first and third Saturdays, unless a festival or state holiday falls on those days.
Since January 10 is the second Saturday of the month, all banks are closed for the day. This closure is uniform across the country, regardless of state-specific holidays.
Upcoming Bank Closures in January 2026
Beyond the weekly closures, customers should mark their calendars for other holidays this month. Banks will also be shut on:
- January 24: Fourth Saturday
- All Sundays: January 11, 18, and 25
Additionally, several major holidays are observed in various states in January 2026. These include Mannam Jayanthi, the birthday of Hazrat Ali, Swami Vivekananda Jayanti, Makar Sankranti (also known as Magh Bihu, Pongal, Uttarayana Punyakala), Thiruvalluvar Day, Uzhavar Thirunal, the birthday of Netaji Subhas Chandra Bose (coinciding with Saraswati Puja), Vir Surendrasai Jayanti/Basanta Panchami, and Republic Day on January 26.
February 2026 Bank Holiday Outlook
Looking ahead to the next month, the RBI calendar lists key holidays like Guru Ravidas Jayanti and Maha Shivaratri. Furthermore, the standard Saturday closures will apply on February 14 and 28 (second and fourth Saturdays). Banks will also be closed on all Sundays, which fall on February 1 and 15 in 2026.
Stock Market Sees Extended Losses
While banks were closed, the stock markets were open and witnessed significant pressure. On Friday, January 10, the benchmark indices extended their losing streak for the fifth consecutive session. The Sensex crashed nearly 800 points, or 1%, hitting an intraday low of 83,402. Similarly, the Nifty 50 dropped by 1%, marking an intraday low of 25,623.
Over the last five trading sessions, investor wealth has eroded considerably. The Sensex has plunged approximately 2,186 points, a fall of 2.5%. The Nifty 50 mirrored this decline, also falling by 2.5%. Market analysts attribute the sustained sell-off to persistent concerns over foreign capital outflows, ongoing geopolitical tensions, and investor caution ahead of the third-quarter corporate earnings season.
For planning your financial transactions, always refer to the official RBI holiday list and note the Saturday closures to avoid inconvenience.
