Bank Holiday Today: Are banks open on Union Budget 2025 day, February 1?

Bank Holiday Today: Despite multiple upcoming holidays in February due to various festivals, banks will be open on February 1. Finance Minister Nirmala Sitharaman is set to present the Union Budget 2025-26 today. Regular Saturday closures often make it difficult to track bank holidays, but banks will remain operational today.

Are Banks Open on February 1?

Banks across all states will remain open on Saturday, February 1, as only the second and fourth Saturdays of each month are designated holidays. Given the significance of the Union Budget announcement, people can visit their bank branches today to complete their financial tasks without disruption.

Bank Holidays in February 2025

Banks will be closed on various dates across different states due to regional festivals and celebrations. Key holidays include:

Saraswati Puja

Thai Poosam

Guru Ravi Das’s Birthday

Lui-Ngai-Ni

Chhatrapati Shivaji Maharaj Jayanti

Statehood Day

Mahashivratri

Losar

FM Nirmala Sitharaman to Present Union Budget 2025

Finance Minister Nirmala Sitharaman will present her record eighth consecutive Union Budget on February 1, 2025. This budget aims to strike a balance between tax relief for the middle class and strategies to stimulate economic growth. With GDP growth projected to decline to a four-year low of 6.4% in the current fiscal year, the budget is expected to introduce measures to boost consumption and investment.

Economic Survey 2024-25 Highlights

On Friday, FM Sitharaman tabled the Economic Survey 2024-25 in Parliament. The report forecasts India's GDP growth to range between 6.3% and 6.8% in FY26. Analysts suggest that deregulation and reforms in land and labor sectors will be critical to sustaining long-term growth.

Stay tuned for further updates on the Union Budget 2025 and its impact on taxation, economy, and banking operations with Bizz Buzz News.