Budget Day : With Finance Minister Nirmala Sitharaman set to present the Union Budget 2025-26 on February 1, 2025, there is curiosity among the public regarding whether banks will be open or closed on Budget Day. Many people rely on banking services for financial transactions, bill payments, and salary processing, making it essential to know the bank holiday schedule for February.
Although February 1 falls on a Saturday, banks will remain open because it is the first Saturday of the month. Unlike the second and fourth Saturdays, when banks remain closed, regular banking operations will continue as usual.
Let’s take a look at the complete list of bank holidays in February 2025, along with how customers can manage their banking needs even on holidays.
Will Banks Be Closed on February 1, 2025?
No, banks will remain open on February 1, 2025 (Budget Day) , as it falls on the first Saturday of the month. Unlike stock markets, which are usually closed on weekends but will remain open due to the Budget announcement, banking operations will function as per the usual schedule.
Customers can visit banks for transactions, withdrawals, deposits, and other services without any restrictions. However, due to increased financial activities on Budget Day, there might be higher-than-usual footfall at bank branches.
Complete List of Bank Holidays in February 2025
Banks in India follow a holiday schedule that varies from state to state, based on local festivals and regional observances. Below is a comprehensive list of bank holidays in February 2025, categorized by date and occasion.
Bank Holidays in February 2025
Date | Day | Occasion | States Where Holiday is Applicable |
---|---|---|---|
February 2 | Sunday | Weekly Holiday | All Over India |
February 3 | Monday | Saraswati Puja | Agartala |
February 8 | Saturday | Second Saturday (Bank Holiday) | All Over India |
February 9 | Sunday | Weekly Holiday | All Over India |
February 11 | Tuesday | Thai Poosam | Chennai |
February 12 | Wednesday | Guru Ravidas Jayanti | Shimla |
February 15 | Saturday | Lui-Ngai-Ni | Imphal |
February 16 | Sunday | Weekly Holiday | All Over India |
February 19 | Wednesday | Chhatrapati Shivaji Maharaj Jayanti | Mumbai, Nagpur, Belapur |
February 20 | Thursday | Statehood Day | Mizoram (Aizawl), Arunachal Pradesh (Itanagar) |
February 22 | Saturday | Fourth Saturday (Bank Holiday) | All Over India |
February 23 | Sunday | Weekly Holiday | All Over India |
February 26 | Wednesday | Maha Shivratri | Almost All States in India |
February 28 | Friday | Losar (Tibetan New Year) | Gangtok (Sikkim) |
Why Do Bank Holidays Differ by State?
Unlike national public holidays, bank holidays are regulated by the Reserve Bank of India (RBI) and differ from state to state based on local festivals, cultural events, and regional observances. While national holidays like Republic Day (January 26) and Independence Day (August 15) apply to all states, other holidays such as Maha Shivratri, Saraswati Puja, or Chhatrapati Shivaji Jayanti may be observed only in select states.
Customers can check the official RBI website for a detailed, state-wise bank holiday list.
How to Manage Banking Transactions on Holidays?
Even though banks remain closed on certain days, customers can continue to perform most financial transactions through digital banking services.
Online Banking Options Available on Holidays
- Internet Banking & Mobile Banking
- Transfer money via NEFT, RTGS, IMPS, and UPI.
- Pay utility bills, credit card bills, and EMIs online.
- Check account balances and download statements.
- ATM Services
- Withdraw cash from ATMs anytime.
- Deposit cash at cash deposit machines (CDMs).
- UPI Payments & Digital Wallets
- Apps like Google Pay, PhonePe, Paytm, and BHIM UPI allow instant fund transfers.
- Use QR codes for merchant payments without the need for cash withdrawals.
- Auto-Debit & Standing Instructions
- Set up auto-debit for bill payments, SIPs, and EMI deductions to avoid missing due dates.
- Credit and Debit Cards
- Use credit/debit cards for shopping, online purchases, and dining.
- Secure transactions with OTP verification and contactless payment methods.
Key Takeaways for February 2025 Bank Holidays
- February 1 (Budget Day) – Banks will be open as it is the first Saturday of the month.
- Major bank holidays include second and fourth Saturdays, Sundays, and select state-specific festivals.
- Online banking services remain functional 24/7, allowing transactions even on holidays.
- Check RBI’s official website for updates on bank holidays based on your state.(Budget Day)
Conclusion
With February 1, 2025 (Budget Day) , being a crucial day for the Indian economy due to the Union Budget announcement, financial activities across banking and stock markets are expected to increase. While banks will remain open on February 1, customers should plan their banking needs in advance for other holidays throughout February. (Budget Day)
With online banking, UPI, and mobile banking services, customers can seamlessly conduct transactions even on holidays, ensuring uninterrupted financial management.
For specific queries regarding state-wise bank holidays, customers are advised to check the official RBI website or their respective bank’s website for updated schedules.