Will Banks Be Closed on January 1, 2025, for New Year? Everything You Need to Know

Bank Holiday on January 1, 2025: As the New Year approaches, many are curious about bank closures on January 1, 2025, for New Year celebrations. Banks nationwide are expected to be closed, although online banking services will still be available.

Overview of Holidays: January features several holidays that include national, regional, and festive observances. All banks, both public and private, will observe holidays on two Saturdays and four Sundays throughout the month. Note that holiday schedules can vary by state, so it’s advisable to confirm with your local branch.

Bank Closures on New Year’s Day: Most banks across the country will not operate on January 1, 2025, in observance of New Year's Day. However, banks in Mizoram and Sikkim will observe closures on December 31, 2024, for New Year’s Eve.

Online Banking Availability: While physical bank branches may be closed for New Year, online banking platforms and mobile services will remain functional. Customers can also use ATMs for cash withdrawals during this time.

The Reserve Bank of India (RBI) issues an annual holiday calendar for banks under the Negotiable Instruments Act, taking into account national and local events, religious celebrations, and cultural customs. The RBI's holiday schedule for 2025 has not yet been published.

Tentative Bank Holidays for January 2025: Although the official holiday calendar for January 2025 is still pending, banks are anticipated to have 13 non-working days, including two Saturdays and four Sundays. Below is a tentative list of holidays:

January 1, 2025 (Wednesday): New Year's Day — Nationwide

January 5, 2025 (Sunday): Nationwide

January 6, 2025 (Monday): Guru Gobind Singh Jayanti — Chandigarh, Haryana

January 11, 2025 (Second Saturday): Nationwide and Missionary Day — Mizoram

January 12, 2025 (Sunday): Nationwide and Swami Vivekananda Jayanti — West Bengal

January 13, 2025 (Monday): Lohri — Punjab, Jammu, Himachal Pradesh

January 14, 2025 (Tuesday): Sankranti — Multiple states and Pongal — Tamil Nadu, Andhra Pradesh

January 15, 2025 (Wednesday): Thiruvalluvar Day — Tamil Nadu and Tusu Puja — West Bengal, Assam

January 19, 2025 (Sunday): Nationwide

January 23, 2025 (Thursday): Netaji Subhas Chandra Bose Jayanti — Odisha, Tripura, West Bengal

January 24, 2025 (Fourth Saturday): Nationwide

January 26, 2025 (Sunday): Republic Day — Nationwide

January 30, 2025 (Thursday): Sonam Losar — Sikkim

Keep an eye out for the official announcement from the RBI for any updates on the holiday schedule.