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Find Out Which Banks Will Remain Shut Tomorrow Following Ajit Pawar’s Demise
The city of Pune and the state of Maharashtra are observing a period of collective mourning following the death of Deputy Chief Minister Ajit Pawar in a plane crash near Baramati. As a result, the Maharashtra government has announced three days of state mourning, during which all government offices, courts, and public institutions will remain closed. This includes banks, schools, and colleges, which will be closed on January 29, 2026.
Public sector banks, such as State Bank of India, Bank of Maharashtra, and Central Bank of India, will be closed, while private banks may keep limited branches operational. However, ATMs, mobile banking apps, and online payment platforms will continue to function, covering nearly 70% of Pune’s daily retail transactions.
The plane crash occurred on January 27, 2026, when a chartered Learjet 45 attempted an emergency landing at Baramati airport but lost control and caught fire, resulting in the deaths of five people. The Directorate General of Civil Aviation (DGCA) has begun a formal technical probe into the incident.
The closure of banks and schools comes at a sensitive time, as it is the end of the month and many people are expecting salary credits, loan repayments, and business settlements. Customers are advised to rely on online banking, UPI platforms, and ATMs to manage their urgent needs and reschedule branch visits accordingly.
The Maharashtra government has declared state mourning fewer than ten times in the last three decades, reflecting the significance of this loss. Chief Minister Devendra Fadnavis has described Ajit Pawar as a leader deeply rooted in grassroots politics and credited him with shaping key infrastructure and irrigation projects.
A list of bank holidays in Pune for the year has been released, which includes holidays on January 26 (Republic Day), February 14 (Second Saturday), and March 3 (Holi), among others. The list also includes holidays for festivals such as Maha Shivaratri, Chhatrapati Shivaji Maharaj Jayanti, and Gudi Padwa.
Senior citizens can earn up to 8% interest rate on 5-year fixed deposits; compare the top FD rates offered by public, private, and small finance banks
For senior citizens seeking stable and fixed income, there are still attractive fixed deposit (FD) options available, despite many leading banks and small finance banks slashing their FD interest rates. Currently, a few banks offer FD rates of up to 8% on their five-year senior citizen FDs. The interest rates vary among public and private sector banks, as well as small finance banks, for FDs of the same duration.
Small finance banks offer the highest five-year FD interest rates for senior citizens, with Suryoday Small Finance Bank providing an 8% interest rate, followed by Jana Small Finance Bank at 7.77%, and Ujjivan Small Finance Bank at 7.7%. Other small finance banks, such as Utkarsh Small Finance Bank, Equitas Small Finance Bank, and AU Small Finance Bank, offer interest rates ranging from 7.5% to 7.25%.
Among private sector banks, IDFC Bank, Yes Bank, and SBM Bank India offer a 7.5% interest rate each on their five-year fixed deposits for senior citizens. Other private sector banks, such as DCB Bank, Axis Bank, and RBL Bank, offer interest rates ranging from 7.25% to 7.1%.
Public sector banks also offer competitive interest rates, with State Bank of India providing a 7.05% FD interest rate on its five-year senior citizen FD. Bank of Baroda offers a 6.9% rate, while Bank of India and Canara Bank offer a 6.75% rate each on their five-year FDs for senior citizens.
Overall, senior citizens have a range of options to choose from, with interest rates varying from 8% to 5.5% depending on the bank and the duration of the FD. It is essential for senior citizens to compare the interest rates and terms offered by different banks to make an informed decision that suits their financial needs. By choosing the right FD option, senior citizens can ensure a stable and fixed income, which can help them manage their expenses and maintain their standard of living.
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