Are Banks Closed Across India Tomorrow?, Here's What's Happening In Mumbai & Other States

Mumbai: Bank customers in Bengaluru should note that all banks in the city will remain closed on April 30, 2025, in observance of Akshaya Tritya — a festival considered auspicious for purchasing gold. This closure is part of the Reserve Bank of India's state-wise holiday list issued under the Negotiable Instruments Act.

April Witnesses Cluster of Regional Bank Holidays

April has been marked by frequent banking disruptions due to a combination of regional festivals and standard weekend closures. The recent sequence of holidays began on April 26, which was the fourth Saturday — a non-working day as per RBI norms. This was followed by April 27 (Sunday), a regular bank holiday.

On April 29, only banks in Shimla were closed in observance of Parshuram Jayanti, reflecting the state-specific nature of these holidays. Now, April 30 will see a bank holiday in Bengaluru for Akshaya Tritya.

Additionally, May 1 marks Maharashtra Day, which is a bank holiday in Maharashtra but not observed uniformly across the country.

Not a Nationwide Shutdown

Despite reports of a three-day continuous bank holiday, it is important to note that closures are not uniform across all states. These holidays are declared based on local customs and observances, under three RBI classifications:

- Holiday under Negotiable Instruments Act

- Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday

- Banks’ Closing of Accounts

Digital Banking To remain Operational

While physical bank branches in certain regions may remain closed, customers can continue using digital banking services, ATMs, mobile apps, and online platforms without interruption.

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