If you have any critical banking tasks lined up for the next few days, this update is essential for you. The Reserve Bank of India (RBI) has released the list of bank holidays for December, highlighting that banks will remain closed on December 18 and December 19 in select states due to local events and state-specific occasions.
Let’s explore the specific details of these holidays, the events behind them, and how you can manage your banking needs efficiently.
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Bank Holiday on December 18 in Meghalaya
On December 18, banks in Meghalaya will observe a holiday in honor of the death anniversary of U Soso Tham, a revered literary figure in the Khasi community.
Who Was U Soso Tham?
- Born in 1873 in Cherrapunji, U Soso Tham was a renowned poet and literary scholar.
- He is celebrated for incorporating Khasi idioms and language into secular literature, giving it a distinct direction and enriching the region’s cultural heritage.
How Is His Death Anniversary Observed?
- U Soso Tham’s death anniversary is marked as a public holiday in Meghalaya, during which all government offices and banks remain completely closed.
- People across the state organize commemorative events to pay tribute to his life and contributions.
Bank Holiday on December 19 in Goa
On December 19, banks in Goa will remain closed to celebrate Goa Liberation Day. This day marks the liberation of Goa from Portuguese rule in 1961 and holds immense historical significance for the state.
Why Is Goa Liberation Day Important?
- Goa Liberation Day commemorates the end of 450 years of Portuguese colonial rule.
- The historic liberation granted Goa the status of a free Indian state, and the day is a significant milestone in India’s struggle for independence.
Celebrations in Goa
- Various programs and parades are organized in prominent cities like Panaji, showcasing the cultural pride and historical significance of the day.
- All government offices and banking branches remain closed on this occasion.
Banking Services Available During Bank Holidays
While physical bank branches will remain closed on December 18 and 19 in the respective states, there’s no need to worry. Digital banking services will continue to function seamlessly, ensuring that customers can carry out their essential banking activities without any interruptions.
Here’s what will still be accessible:
| Service | Available During Holidays? |
|---|---|
| ATMs | Yes |
| Internet Banking | Yes |
| Mobile Banking | Yes |
| Fund Transfers (NEFT/IMPS/UPI) | Yes |
| Bill Payments | Yes |
Through these services, you can:
- Withdraw cash from ATMs.
- Transfer funds using digital platforms like UPI, NEFT, or IMPS.
- Pay bills and manage other critical banking requirements.
In short, even though banks will be physically closed, there will be no disruption in essential banking services.
Understanding Bank Holiday Rules in India
Bank holidays in India are determined based on various factors, including local festivals, regional events, and historical occasions. Here’s a quick overview:
- National Holidays: Banks across the country remain closed on:
- Republic Day (January 26)
- Independence Day (August 15)
- Gandhi Jayanti (October 2)
- Major Festivals: In addition to national holidays, banks observe holidays during significant festivals such as:
- Diwali
- Dussehra
- Christmas
- Eid
- State-Specific Holidays: Certain holidays apply only to specific states or regions, based on their cultural and historical significance, such as:
- U Soso Tham’s Death Anniversary in Meghalaya
- Goa Liberation Day in Goa
Monthly Bank Holiday Schedule: RBI Guidelines
As per the RBI’s regulations, banks also follow a monthly holiday schedule:
- Banks remain closed on the second and fourth Saturdays of every month.
- On months with a fifth Saturday, banks operate fully, unlike earlier when they were open only for half the day.
Avoid Interruptions: Plan Your Banking Tasks in Advance
To ensure that you don’t face any inconvenience, it is advisable to plan your banking tasks ahead of time. If you have any critical work involving bank branches, complete it before December 18 or December 19.
Additionally, maximize the use of digital banking services like:
- ATM withdrawals for cash.
- UPI and Internet banking for quick fund transfers.
- Mobile apps for bill payments and other transactions.
The RBI and the government have ensured that services like ATMs, UPI, and online banking remain uninterrupted, even during bank holidays.
FAQs
Why are banks closed in Meghalaya on December 18?
Banks in Meghalaya observe a holiday on December 18 to honor the death anniversary of U Soso Tham, a prominent Khasi poet and literary figure.
What is Goa Liberation Day, and why is it celebrated?
Goa Liberation Day marks the liberation of Goa from Portuguese rule in 1961. It celebrates the region’s freedom and integration into India.
Will ATMs work during bank holidays?
Yes, ATMs will remain operational during bank holidays, allowing customers to withdraw cash without any issues.
