Bank Holiday Today: Are Banks Open Or Closed On Saturday, February 7?

The query concerning whether Indian banks are open or closed today, Saturday, February 7, is quite common. According to the Reserve Bank of India’s (RBI) holiday regulations, not all Saturdays are public holidays. Holidays depend on state-specific and regional occasions.

Banks in India follow official lists of holidays announced by the RBI, as well as designated shutdowns for the week. The second and fourth Saturdays of the month, as well as every Sunday, often serve as bank holidays. However, unless a specific holiday is announced, the first and third Saturdays are regular workdays.

Regular banks are still open today in India because February 7 is the first Saturday of the month. Consumers can do in-person banking operations, including deposits,

withdrawals, cheque processing, loan visits, and more, by visiting bank locations during regular business hours.

What Regular Banking Services Are Available?

Banks often have set hours on a typical working Saturday, such as today:

• Public sector banks generally open around 10:00 am and close around 4:00 pm.
• Private sector banks may start earlier (around 9:30 am) and close between 3:00 and 3:30 pm.

Customers can engage in the majority of in-branch activities during these hours.

Digital Services Work Even on Holidays

Digital banking services are still available even if the branches are not working on a particular day, such as the second or fourth Saturday or Sunday. The ATM, NEFT/RTGS, IMPS, UPI, online banking, and mobile banking services are available as usual, irrespective of the bank branches being closed on a certain holiday.

RBI Holiday Calendar: What Comes Next?

The RBI calendar indicates that February 14, the second Saturday of the month, will be the next normal bank holiday in this month. Banks across the country will not be open on that day. Later in February, there are festivals and regional celebrations with state-specific holidays.

Banks in Sikkim are closed on February 18 in observance of the Losar holiday. Banks across Maharashtra will remain closed on February 19 to celebrate Chhatrapati Shivaji Maharaj Jayanti. Banks in Mizoram and Arunachal Pradesh will remain closed on February 20 in observance of State Day, also known as Statehood Day.