Bank Holidays On Saturday 2024

By Mayashree Acharya

|

Updated on: May 10th, 2024

|

11 min read

In India, banks, including private and PSU banks, usually have holidays on the 2nd and 4th Saturday of every month. If a month has five Saturdays, the 5th Saturday is a working day for banks. However, many people are confused about which Saturday a bank is working and which Saturday the bank is closed.

Bank Holidays on Saturday

Here is the list of Saturdays on which a bank has a holiday in 2024 for quick reference:

MonthSecond SaturdayFourth Saturday
January

January 13, 2024

January 27, 2024

February

February 10, 2024

February 24, 2024

March

March 9, 2024

March 23, 2024

April

April 13, 2024

April 27, 2024

May

May 11, 2024

May 25, 2024

June

June 8, 2024

June 22, 2024

July

July 13, 2024

July 27, 2024

August

August 10, 2024

August 24, 2024

September

September 14, 2024

September 28, 2024

October

October 12, 2024

October 26, 2024

November

November 9, 2024

November 23, 2024

December

December 14, 2024

December 28, 2024

Why Banks Have Holiday on Saturdays?

All banks, private and PSU, are closed on all second and fourth Saturdays of each month, as the Reserve Bank of India announced in 2015 that all banks will be closed on the second and fourth Saturdays of a month. However, the bank will remain open and operate normally on the first, third and fifth Saturdays of the month. All banks are closed on Sundays. Customers can make online transactions through their bank's net banking portal or mobile app on second and fourth Saturdays and Sundays, even when the branch offices are closed. 

Related Articles:
1. Bank Holidays List For 2023
2. Bank Holidays List 2024 
3. Bank Holidays 2024 Delhi
4. Bank Holidays 2024 Maharashtra And Mumbai
5. Bank Holidays 2024 Karnataka And Bangalore
6. Bank Holidays 2024 Tamil Nadu
7. Bank Holidays 2024 West Bengal And Kolkata
8. Bank Holidays 2024 Telangana And Hyderabad
9. HDFC Bank Holidays List 2024
10. SBI Bank Holidays List 2024
11. Axis Bank Holidays List 2024
12. ICICI Bank Holidays List 2024
13. Bank Of Baroda Holidays List 2024
14. Punjab National Bank Holiday List 2024

Frequently Asked Questions

Is the 5th Saturday a bank holiday?

No, the 5th Saturday of the month is not a bank holiday.

Is every Saturday a bank holiday?

No, banks are closed only on the 2nd and 4th Saturday of the month.

Is last Saturday a bank holiday?

If the last Saturday is the 4th Saturday of a month, it is a holiday. However, if the last Saturday is the 5th Saturday of the month, it is not a bank holiday.

Which Saturdays are bank holidays?

The 2nd and 4th Saturdays of the month are bank holidays.

Is the second Saturday holiday for the State Bank of India (SBI)?

Yes, the SBI has a holiday on the 2nd Saturday of every month.

Are the Saturday bank holidays applicable to each and every state and union territory in India?

Yes, all banks in each state and union territory of India have holidays on the 2nd and 4th Saturday. 

Who decides the bank holidays, and do they include all the different kinds of banks in India?

The Reserve Bank of India decides the bank holidays. All kinds of banks, including the private sector, public sector, cooperative, regional and rural banks, have holidays on the 2nd and 4th Saturday of every month. It is also applicable to non-scheduled and scheduled banks in India. 

Even if banks are closed on second and fourth Saturdays, are internet banking services available, and can they be used?

Yes, internet banking services are available on 2nd and 4th Saturdays, even if the banks have holidays. All internet banking services, such as NEFT, IMPS, and UPI payments, can be used on the 2nd and 4th Saturdays, except for the RTGS mode of transfer. 

Will ATMs be open on the second and fourth Saturdays when banks are closed?

Yes, ATMs will be open on the 2nd and 4th Saturdays even when the banks are closed on these days.

Are banks closed on the Sunday that follows the second and fourth Saturday, too?

Yes, banks are closed on all Sundays of the month, even those that follow the 2nd and 4th Saturdays.

On which days are the banks closed in India?

In India, all banks are closed on national holidays, regional state holidays, and the second and fourth Saturdays of every month.

Can bank holidays affect financial transactions?

Yes, since banks are closed on holidays, in-branch services and a few financial transactions, such as cheque clearance, may be delayed. Transactions initiated on bank holidays will be processed on the next working day.

About the Author

I am an advocate by profession and have a keen interest in writing. I write articles in various categories, from legal, business, personal finance, and investments to government schemes. I put words in a simplified manner and write easy-to-understand articles. Read more

Public Discussion

Get involved!

Share your thoughts!

Clear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Clear serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.

Efiling Income Tax Returns(ITR) is made easy with Clear platform. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.

CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you in getting your business registered for Goods & Services Tax Law.

Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Download Black by ClearTax App to file returns from your mobile phone.

Cleartax is a product by Defmacro Software Pvt. Ltd.

Company PolicyTerms of use

ISO

ISO 27001

Data Center

SSL

SSL Certified Site

128-bit encryption