Banks in Maharashtra will be closed on Thursday, February 19th, on the occasion of Chhatrapati Shivaji Maharaj Jayanti. This is why it will be a bank holiday for all public and private banks, including SBI, HDFC Bank, ICICI Bank, PNB, and Axis Bank. Bank holidays are determined by the Reserve Bank of India, and banks follow the RBI's bank holiday calendar, which is released at the beginning of each year. If you're planning to visit the bank on February 19th, be sure to review the list of bank holidays.
Bank Holidays in India
Bank holidays vary by region. For example, tomorrow is a bank holiday in Mumbai and the rest of Maharashtra for Chhatrapati Shivaji Maharaj Jayanti, while branches will remain open in other parts of India. The RBI divides bank holidays into regional and national holidays. On regional holidays, banks are closed in specific regions and states where people celebrate certain festivals and special occasions. On national holidays, all banks across India are closed. Additionally, banks are closed on the second and fourth Saturdays of the month and all Sundays.
Chhatrapati Shivaji Maharaj Jayanti
Chhatrapati Shivaji Maharaj Jayanti is celebrated every year on February 19th, and the state of Maharashtra celebrates it with great pomp. Shivaji Maharaj was the founder of the Maratha Empire and remains an icon of Maharashtra and the whole of India.
This day honors the birth of the founder of the Maratha Empire, who was born in Pune in 1630. The day promotes his values of courage, justice, and patriotism, which inspire millions, especially in Maharashtra. The celebration of Shivaji Maharaj Jayanti originated in Pune and is said to have been started by Mahatma Phule in 1870. Later, it was promoted by Bal Gangadhar Tilak in 1895.
This day is not just a celebration of Shivaji Maharaj's birth anniversary, but also a day to cherish and spread Shivaji Maharaj's ideals and values, including courage, strategic thinking, justice, religious tolerance, patriotism, public welfare, and people's empowerment.
Bank Holidays in February
February 1 – Sunday – All India holiday for the Sunday weekend.
February 8 – Sunday – All India holiday for the Sunday weekend.
February 14 – Saturday – All India holiday for the second Saturday.
February 15 – Sunday – All India holiday for the Sunday weekend.
February 18 – Wednesday – Bank holiday in Gangtok, Sikkim for Losar. Celebrated by the Tibetan community, Losar means New Year and is part of the New Year celebrations in the state.
February 19 — Thursday — Bank holiday in Mumbai, Nagpur, and Belapur, Maharashtra, on the occasion of Chhatrapati Shivaji Maharaj Jayanti, when people celebrate the birth anniversary of one of India's greatest warriors and rulers and remember his legacy.
February 20 — Friday — Bank holiday in Aizawl (Mizoram), Imphal (Manipur) due to Statehood Day/Statehood Day celebrations.
February 22 — Sunday — All India holiday due to the Sunday weekend.
February 28 — Saturday — All India holiday due to the fourth Saturday.
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