Complete Guide to Bank Holidays in December 2024

Brace yourself! A wave of bank holidays is coming your way in December 2024. From national holidays to regional closures, your banking plans might be disrupted. Stay informed to avoid last-minute banking hassles. Mark your calendars! Several bank holidays are scheduled for December 2024. ² Stay informed to avoid last-minute banking hassles. Planning your finances for December 2024? Be aware of the upcoming bank holidays to ensure smooth transactions

CONTENTS:

• Banks closed on December 14th.
• Banks closed Dec 14th, other holidays in December.
• Banks closed 12 days in Dec 2024, use digital banking.
• Banks closed Dec 18 in Shillong, Dec 19 in Goa. Use digital banking.

Complete Guide to Bank Holidays in December 2024 In India, banks are generally closed on Sundays and the second and fourth Saturdays of every month. In months with five Saturdays, banks are open on the first, third, and fifth Saturdays unless otherwise specified by the Reserve Bank of India (RBI).

For Saturday, December 14, 2024, banks will be closed, as it is the second Saturday of the month.

Additionally, December has several holidays for banks, which vary by state. Some national and regional holidays include Christmas Eve on December 24, Christmas on December 25, and other state-specific holidays like Goa Liberation Day and U Kiang Nangbah. Always check the holiday calendar for your specific state, as holidays can differ.

Complete Guide to Bank Holidays in December 2024  On Saturday, December 14, 2024, banks across India will be closed, as it is the second Saturday of the month, which is a regular holiday for all banks. As per the RBI holiday calendar for December, banks observe two Saturdays and five Sundays off each month, in addition to national, regional, and state-specific holidays.

Customers should verify with their local bank branches to confirm the holiday schedule, as it can vary by state. For example, December 14 is a nationwide closure, but other holidays like Christmas and regional observances may differ by location.

In December 2024, in addition to December 14, other bank holidays include Christmas on December 25, with regional holidays like Goa Liberation Day and U Kiang Nangbah in specific states. During bank holidays, customers cannot access branch services for cash deposits or large transactions.

Complete Guide to Bank Holidays in December 2024  Banks will be closed for 12 days between December 10 and 29, 2024, due to national and regional holidays, including the second and fourth Saturdays and Sundays. Customers should complete any banking tasks promptly to avoid inconvenience, as this may affect services like checkbook and passbook updates. However, online services will remain operational.

According to the Reserve Bank of India (RBI) holiday list, national holidays result in closures across all banks in India, while regional holidays affect only banks in specific states. For example, December 19 is Goa Liberation Day, a regional holiday affecting only banks in Goa, while Christmas on December 25 is observed nationwide.

Bank holidays in December 2024:

• December 10 (Tuesday) – Human Rights Day
• December 11 – UNICEF Birthday
• December 14 – Second Saturday
• December 15 – Sunday
• December 18 – Guru Ghasidas Jayanti (Chandigarh)
• December 19 – Goa Liberation Day (Goa)
• December 22 – Sunday
• December 24 – Christmas Eve (Mizoram, Meghalaya, Punjab, Chandigarh)
• December 25 – Christmas (National)
• December 26 – Boxing Day and Kwanzaa (National)
• December 28 – Fourth Saturday
• December 29 – Sunday

During these holidays, digital banking services such as Net Banking, UPI, Mobile Banking, and ATM withdrawals will remain available, allowing customers to continue performing transactions like fund transfers, bill payments, and cash withdrawals.

Complete Guide to Bank Holidays in December 2024  In December 2024, Indian banks will be closed on December 18 and 19 in specific regions, according to the Reserve Bank of India’s (RBI) holiday list. Bank holidays in India differ by state and city, though national holidays and major events are observed across the country. The RBI determines the holiday schedule for scheduled commercial banks (SCBs).

December 18: Banks in Shillong will be closed due to the observance of the Death Anniversary of U SoSo Tham. U SoSo Tham was a renowned Khasi poet known for his literary contributions, especially in the Khasi language.

December 19: In Goa, banks will remain closed to commemorate Goa Liberation Day. This day marks the annexation of Portuguese-ruled Goa by Indian armed forces in 1961, ending European colonial rule in India.

While bank branches will be closed on these days, digital services such as ATMs, internet banking, and mobile banking will remain operational. This means customers can continue to use these platforms for transactions, though branch-related services like cash deposits or large transactions will be unavailable.

Bank holidays in India vary from region to region, with national holidays such as Republic Day, Independence Day, and Gandhi Jayanti observed nationwide. Additionally, banks are closed on the second and fourth Saturdays of each month, with the fifth Saturday of months containing five Saturdays being a working day.

Karnataka has declared three days of state mourning from December 10 to December 12, following the passing of former Chief Minister S.M. Krishna. During this period, the national flag will fly at half-mast on government buildings, and no official entertainment events will take place.

Will banks operate on December 11 in Karnataka? As of now, there has been no official directive from the Reserve Bank of India (RBI) to declare December 11 a bank holiday in Karnataka. Therefore, banks are expected to remain open and continue regular operations unless the RBI issues a specific order.

Schools and Colleges: In honor of S.M. Krishna, schools and colleges across Karnataka will be closed on December 11 and 12. The state government has declared a public holiday for all government offices, schools, colleges, and aided educational institutions during the mourning period.

S.M. Krishna, who passed away on December 10 at the age of 92, is remembered for his contributions to the development of Bengaluru as India’s Silicon Valley. His cremation with full state honors is scheduled for December 11 in his hometown of Mandya.