• Source:JND
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Is Bank Closed On Feb 26?: Banks across several states and cities, including Maharashtra, Delhi, Tamil Nadu, Karnataka, West Bengal, Uttar Pradesh and other states, will observe the holiday on Wednesday, February 26 to celebrate Mahashivratri, according to the Reserve Bank of India’s (RBI) official holiday list.

So, people planning to visit bank branches should plan their visit either today or the day after tomorrow. However, while physical branches will be closed, digital banking services such as Unified Payments Interface (UPI), net banking, and ATM withdrawals will still be available nationwide.

Maha Shivaratri is celebrated by Hindu families every year in the month of Phalguna, i.e. from February to March. According to the Hindu calendar, this festival falls on the fourteenth day of the first half of the month of Phalguna.

The RBI classifies bank holidays into three categories: the Negotiable Instruments Act, Real-Time Gross Settlement (RTGS) Holidays, and Banks’ Closing of Accounts. It's important to note that bank holidays can differ by state, and not every location adheres to the same schedule.

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Bank Holidays This Week

In addition to Mahashivratri, banks in Gangtok will also be closed on February 28 for Losar. Regular weekend closures include Sundays and the second and fourth Saturdays of each month.

Schools, Colleges And Stock Market To Remain Closed As Well

Government offices, schools, and colleges in states observing Mahashivratri as a public holiday will also be closed. However, essential services like public transport and hospitals will continue to operate as usual.

Stock markets, including the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), will also be closed on February 26 in observance of Mahashivratri 2025.

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