RBI Revises Holiday Schedule: Banks Open on September 5, Markets Shut on September 8
New Delhi, September 4, 2025 — The Reserve Bank of India (RBI) today issued a circular announcing a key change: the previously declared bank holiday on September 5, 2025 under the Negotiable Instruments Act has been **cancelled**. Banks will now remain **open** on that day. In contrast, September 8, 2025 has been declared a public holiday for **government securities, foreign exchange, and money markets**—meaning there will be **no transactions or settlements** on that day. (Source: Economic Times)
Key Impacts
- Banks Open on Sep 5: Customers can carry out usual in-branch banking services—including deposits, withdrawals, account services, etc.—contrary to earlier expectations of closure.
- Markets Closed on Sep 8: Critical markets including G-secs, forex, money markets, and rupee interest rate derivatives will remain inactive. All pending settlements due on that date will be postponed to September 9.
- Settlement Postponed: Any transactions or auctions scheduled for September 8 will be settled on the next working day—September 9, 2025.
Why This Matters
This change impacts everyone with pending financial obligations, particularly for investors, traders, and institutions. If you rely on bank services, branch access is available on Sep 5. But if your workflows involve market settlements, expect activity delays due to the Sep 8 holiday.
Bottom Line
Plan ahead: Banks are available on Friday, Sep 5—but market transactions won’t occur until after Monday, Sep 8. If you have urgent trades or settlements, schedule them accordingly.
Source: Economic Times (Read Original)
Labels: RBI, Bank Holiday, Market Schedule, Financial News, India
Tags: #BankHolidayUpdate #RBI #FinancialMarkets #IndiaFinance
Disclaimer: This post is based on public notifications by RBI and reports by Economic Times. Jammu News Portal is not responsible for official interpretations or decisions.
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