Today, September 23, is a bank holiday in Jammu and Srinagar, in the union territory of Jammu & Kashmir, as the region celebrates the birthday of Maharaja Hari Singh Ji, the last ruling monarch of Jammu & Kashmir. All public and private banks in these areas will be closed. However, it’s not a pan-India holiday, so banks in other parts of the country will remain open.
In India, banks are closed on holidays mandated by the Reserve Bank of India (RBI), which include the second and fourth Saturdays of each month and all Sundays. This means that banks will also be closed on September 27 and 28, which are the fourth Saturday and Sunday of the month.
If you have a banking emergency on a day when banks are closed, you can still use online or mobile banking services, unless there is a technical issue or other reason for downtime. Additionally, ATMs will still be available for withdrawals, and digital payment methods like UPI will function as usual.
The RBI and state governments create a list of holidays for banks, taking into account national and local occasions, operational requirements, and cultural observances. The central bank announces these holidays on its official website and notifies banks and other financial institutions. It’s always a good idea to check with your bank or the RBI website to confirm holiday schedules and plan your banking activities accordingly.
It’s worth noting that while banks may be closed on certain days, digital banking services and ATMs provide a convenient alternative for people to manage their finances and access cash when needed. This can help minimize disruptions and ensure that essential banking services are always available. Overall, today’s bank holiday in Jammu and Srinagar is a regional celebration, and banks in other parts of the country will continue to operate as usual.