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Bank Holiday April 2025: Will banks be closed or open on April 1? See RBI’s holiday list
Are banks open today?
Bank Holiday April 2025: As the new financial year 2025-26 begins, banks across India, including major institutions like the State Bank of India (SBI) and HDFC Bank, will observe a holiday on Tuesday, April 1, 2025. This closure, mandated by the Reserve Bank of India (RBI), is part of an annual tradition tied to the closing of accounts for the previous financial year (2024-25). The RBI’s holiday calendar, released at the start of each year, outlines such closures, ensuring that banks can finalize their financial records seamlessly.
The April 1 holiday is primarily observed for the “closing of accounts,” a critical process where banks reconcile their yearly transactions, update records, and prepare for the new fiscal year. This practice is especially significant for scheduled and non-scheduled banks in major cities across India. While this closure affects most states and union territories, there are exceptions—banks in Meghalaya, Chhattisgarh, Mizoram, West Bengal, and Himachal Pradesh will remain open on this day due to regional variations in the holiday schedule. These differences reflect the RBI’s approach to balancing national financial protocols with local traditions and observances.
For customers, this means that physical bank branches of SBI, HDFC, and others will be inaccessible on April 1. However, digital banking services, such as mobile apps, ATMs, and online platforms, are expected to remain operational, offering a lifeline for urgent transactions. The RBI ensures that such holidays do not completely disrupt banking services, especially in an era where digital solutions dominate.
April 2025 will also feature additional bank holidays, including regional festivals and the standard second and fourth Saturdays, as per the RBI’s guidelines. Customers are advised to plan their banking activities, particularly for tasks requiring branch visits. The closure on April 1 underscores the importance of fiscal discipline in India’s banking sector, a practice rooted in ensuring transparency and accuracy as the country transitions into a new financial year. For more details, refer to the RBI’s official holiday list or your bank’s notifications.