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Published 07:40 IST, February 1st 2025

Bank Holiday Today: Are Banks Open Or Closed On Union Budget 2025 Day, February 1?

The Reserve Bank of India (RBI) has released a calendar outlining the days when banks will be closed in various states.

Reported by: Business Desk
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Bank Holidays in Dec 2024
Bank Holidays | Image: R Business

Union Budget 2025: Contrary to common assumptions, banks will remain open today, February 1, 2025, despite it being the day of the Union Budget presentation by Finance Minister Nirmala Sitharaman . While February is set to see a number of holidays for various festivals, including Saraswati Puja and Chhatrapati Shivaji Maharaj Jayanti, the banks will continue their regular operations on February 1.

Upcoming bank holidays in February

The Reserve Bank of India ( RBI ) has released a calendar outlining the days when banks will be closed in various states. While there are upcoming holidays in February, February 1 is not one of them, so customers can visit bank branches today to complete any necessary financial transactions.

Some of the key closures in February will be on February 5 for Saraswati Puja, February 8 for Thai Poosam, February 15 for Guru Ravidas Jayanti, February 19 for Lui-Ngai-Ni, February 21 for Chhatrapati Shivaji Maharaj Jayanti, and February 25 for Mahashivratri.

As a key date for India’s economic sphere, the Union Budget 2025 will be presented today, with the government focusing on measures to stimulate growth amidst a forecasted dip in the GDP growth rate. The budget is expected to be a balancing act between tax relief for the middle class and strategies to support the economy during challenging times.

Although the upcoming holidays throughout the month may create confusion regarding the bank schedule, today remains a regular working day for financial institutions across the country. So, regardless of the budget's significant discussions, those needing banking services today can expect branches to be fully operational.

Get the latest live news on Republic Business, along with breaking news and top headlines from Budget 2025, business, economy, markets, and around the world.

Updated 08:41 IST, February 1st 2025