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The article provides information regarding bank holidays in India, specifically focusing on the upcoming holiday for Mahavir Jayanti on April 10, 2025. According to the Reserve Bank of India (RBI) calendar, all banks, including both private and public sector banks, will remain closed on this day to observe Mahavir Janmakalyanak, also known as Mahavir Jayanti. The article highlights that the RBI categorizes bank holidays under the Negotiable Instruments Act, further classifying them into Real-Time Gross Settlement (RTGS) holidays and banks’ closing of accounts. The information regarding these holidays is disseminated through official channels, including the RBI website and bank notifications, ensuring that the public is well-informed about the days when banking services will be unavailable. The article also mentions that stock markets will remain closed on the same day, aligning with the bank holiday. Beyond Mahavir Jayanti, the article outlines other bank holidays in April 2025. It notes that April 12 will be a holiday, being the second Saturday of the month, following the standard practice of banks in India being closed every second and fourth Saturday. Furthermore, April 14 is identified as a nationwide bank holiday to commemorate Babasaheb Ambedkar Jayanti, during which all private and public sector banks will suspend operations. The article provides a comprehensive list of bank holidays throughout April 2025, including April 1 for Banks to close yearly accounts/Sarhul, April 5 for Babu Jagjivan Ram’s Birthday (observed only in Hyderabad, Telangana), April 7 for Shad Suk Mynsiem (observed only in Shillong), April 10 for Mahavir Janmakalyanak/Mahavir Jayanti, April 14 for Ambedkar Jayanti and various regional New Year celebrations, April 15 for Bengali New Year’s Day/Himachal Day/Bohag Bihu (observed in Assam, West Bengal, Arunachal Pradesh, and Himachal Pradesh), April 18 for Good Friday (observed in Tripura, Assam, Rajasthan, Jammu, Himachal Pradesh, and Srinagar), April 21 as the fourth Saturday of the month, April 29 for Bhagwan Shri Parshuram Jayanti (observed in Himachal Pradesh), and April 30 for Basava Jayanti and Akshaya Tritiya (observed in Karnataka and other states). The article clarifies that despite bank closures on these holidays, essential banking services such as ATM usage, mobile banking, online banking, and bank apps will generally remain operational for daily transactions. However, it cautions that specific banks may issue notifications regarding maintenance timings or technical issues that could affect these services. The article emphasizes that the Negotiable Instruments Act governs the issuance of cheques and promissory notes, and transactions involving these instruments will not be available during bank holidays. In summary, the article serves as a practical guide for individuals and businesses, informing them about the bank holidays in April 2025, the availability of alternative banking services, and the limitations on certain types of transactions during these holidays. This ensures that people can plan their financial activities accordingly and avoid any inconvenience caused by bank closures.
The Reserve Bank of India (RBI) plays a crucial role in regulating the Indian banking sector and ensuring its smooth functioning. One of its responsibilities is to declare bank holidays, which are days when banks are closed for business. These holidays can be for various reasons, including religious festivals, national holidays, and regional events. The RBI's calendar of bank holidays is an important tool for individuals and businesses to plan their financial activities. By knowing when banks will be closed, people can avoid any inconvenience and ensure that they have access to the banking services they need. The RBI categorizes bank holidays under the Negotiable Instruments Act. This act deals with the issuance of cheques and promissory notes, which are important instruments for financial transactions. When banks are closed for holidays, transactions involving these instruments are not available. This can have an impact on businesses that rely on these instruments for their operations. The RBI also classifies bank holidays into Real-Time Gross Settlement (RTGS) holidays and banks' closing of accounts. RTGS is a system for transferring funds electronically between banks. On RTGS holidays, this system is not available. Banks' closing of accounts refers to the end of the financial year, when banks need to close their accounts for auditing purposes. The RBI disseminates information about bank holidays through its official channels, including its website and bank notifications. This ensures that the public is well-informed about the days when banking services will be unavailable. In addition to the RBI, banks themselves also provide information about their holiday schedules. This information can be found on the banks' websites or by contacting their customer service departments. The article mentions that stock markets will also remain closed on Mahavir Jayanti. This is because stock markets typically follow the same holiday schedule as banks. This means that investors will not be able to buy or sell stocks on this day. The article also provides a list of other bank holidays in April 2025. This list includes holidays for various religious festivals and regional events. By providing this information, the article helps people to plan their financial activities for the entire month of April. The article clarifies that even though banks are closed on holidays, essential banking services such as ATMs, mobile banking, online banking, and bank apps will generally remain operational. This is important because it means that people can still access their funds and make payments even when banks are closed. However, the article cautions that specific banks may issue notifications regarding maintenance timings or technical issues that could affect these services. This means that people should check with their banks before relying on these services on a holiday. The article also emphasizes that transactions involving cheques and promissory notes will not be available during bank holidays. This is because these instruments require the physical presence of bank staff to process them. In summary, the RBI plays a crucial role in regulating the Indian banking sector and ensuring its smooth functioning. One of its responsibilities is to declare bank holidays, which are days when banks are closed for business. These holidays can be for various reasons, including religious festivals, national holidays, and regional events.
Mahavir Jayanti, also known as Mahavir Janma Kalyanak, is one of the most important religious festivals in Jainism. It celebrates the birth of Mahavir, the twenty-fourth and last Tirthankara of the Jain religion. The festival is typically celebrated in March or April, according to the Gregorian calendar. Mahavir was born in 599 BCE in Kundagrama, near Vaishali in present-day Bihar, India. He was born into a royal family, but he renounced his worldly possessions and became an ascetic at the age of 30. For twelve years, he practiced intense meditation and self-denial, eventually achieving enlightenment. After attaining enlightenment, Mahavir became a Tirthankara, which means a 'ford-maker' or a spiritual teacher who shows the path to liberation. He preached non-violence, truth, non-stealing, celibacy, and non-attachment as the five main principles of Jainism. His teachings emphasized the importance of compassion, forgiveness, and self-discipline. Mahavir's teachings had a profound impact on Indian society and culture. He is revered as a great spiritual leader and his followers, the Jains, have made significant contributions to art, literature, philosophy, and commerce. Mahavir Jayanti is celebrated with great enthusiasm by Jains around the world. The festival typically involves processions, prayers, fasting, and charitable activities. Jains visit temples to offer prayers and seek blessings from Mahavir. Many Jains also observe a fast on this day and engage in acts of charity, such as donating food and clothing to the needy. One of the key aspects of Mahavir Jayanti celebrations is the emphasis on non-violence. Jains are strict vegetarians and they avoid causing harm to any living being. On Mahavir Jayanti, many Jains organize blood donation camps and animal welfare programs to promote the principle of non-violence. The festival is also a time for reflection and self-improvement. Jains reflect on Mahavir's teachings and strive to incorporate them into their daily lives. They also make resolutions to abstain from harmful activities and to practice compassion and kindness towards all living beings. Mahavir Jayanti is not just a religious festival; it is also a celebration of peace, harmony, and non-violence. It is a reminder that we should all strive to live a life of compassion and understanding. The article mentions that banks and stock markets will be closed on Mahavir Jayanti. This is a common practice in India, as many businesses and government offices close on major religious festivals. This allows people to spend time with their families and to participate in the celebrations. The closure of banks and stock markets can have an impact on the economy, but it is also seen as a way to respect the religious sentiments of the people. In addition to Mahavir Jayanti, the article also lists other bank holidays in April 2025. This list includes holidays for various religious festivals and regional events. By providing this information, the article helps people to plan their financial activities for the entire month of April. The article clarifies that even though banks are closed on holidays, essential banking services such as ATMs, mobile banking, online banking, and bank apps will generally remain operational. This is important because it means that people can still access their funds and make payments even when banks are closed. However, the article cautions that specific banks may issue notifications regarding maintenance timings or technical issues that could affect these services. This means that people should check with their banks before relying on these services on a holiday. The article also emphasizes that transactions involving cheques and promissory notes will not be available during bank holidays. This is because these instruments require the physical presence of bank staff to process them. In summary, Mahavir Jayanti is an important religious festival for Jains around the world. It celebrates the birth of Mahavir, the twenty-fourth and last Tirthankara of the Jain religion. The festival is a time for celebration, reflection, and self-improvement. The article provides information about the bank holidays in April 2025, including the holiday for Mahavir Jayanti. This information is helpful for people to plan their financial activities.
Source: Bank holiday tomorrow: Are banks closed for Mahavir Jayanti on Thursday, April 10