Bank Holiday Tomorrow: Are Banks Closed On Basant Panchami, Saraswati Puja; Check RBI's Holiday Calendar

Bank Holiday Tomorrow: Banks in some cities in India will observe a holiday on January 23 for Basant Panchami, Saraswati Puja or other regional occasions, including Netaji Subhas Chandra Bose Jayanti and Veer Surendrasai Jayanti, as per the Reserve Bank of India holiday calendar.

Banks Are Closed In These Cities On January 23

Agartala- Tripura

Bhubaneswar - Odisha

Kolkata - West Bengal

As bank holidays in India depend on state-specific festivals and events, the holiday may not apply to all cities. You should be aware of the bank holidays in your city, connecting local bank branch for exact details.

Digital Banking To Remain Functional

Despite the closure of physical branches, digital banking services include Net banking, Mobile banking apps, Online fund transfers, UPI, and ATM services.

Reasons Behind Bank Closure On January 23

January 23 will be a bank holiday in many states based on the respective holiday for a particular reason.

These include Netaji Subhas Chandra Bose’s birth anniversary, which commemorates the birth of freedom fighter Netaji Subhas Chandra Bose.

Saraswati Puja or Basant Panchmi- This is considered the festival of lord Saraswati and Veer Surendrasai Jayanti, especially in Odisha.

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Bank Holiday In January 2026

According to the RBI's holiday calendar, here is the list of bank holidays in January 2026.

General Holiday: All Sundays and second and fourth Saturdays of the month

National Holiday- January 26, 2026 (Republic Day)

January 23 -Regional Holiday

Will Stock Market Observe Holiday On January 23, 2026?

No, the Indian stock market will be operational on January 23, 2026--Basant Panchami. The National Stock Exchange and Bombay Stock Exchange will commence their operation as per their schedule.