Know where banks will remain closed on 31st December and what is the reason for this.

While planning bank related work across the country, it is important to know where the bank holidays will be on December 31, 2024. However, this holiday is not applicable in all states. According to the Reserve Bank of India (RBI), banks will remain closed in Mizoram and Sikkim on Tuesday, but banks in other parts of the country will function normally.

In which states banks will remain closed?

1. Mizoram:
   • Banks will remain closed due to New Year’s Eve.
2. Sikkim:
   • Banks will not open due to Losung and Namsung festivals.

Banks in other states of the country like Delhi, Uttar Pradesh, Rajasthan, Punjab, Haryana, Maharashtra, and Madhya Pradesh will remain open normally.

Importance of Losung and Namsung Festival

• Losung and Namsung:
  • Major traditional festivals of Sikkim are.
  • The festival marks post-harvest thanksgiving and the arrival of the Tibetan New Year.
  • During this period, religious rituals, Cham dance and decoration of houses are performed.
  • This festival gives the message of happiness and prosperity.

What to do for banking operations?

• Customers have been advised to use online banking to handle banking services.
• Due to holiday, cash withdrawal, check clearance, and other banking operations will be completed only on the next working day.

List of holidays released by RBI

RBI has released the list of holidays for December 2024. In this, banks will remain closed on December 31 in Sikkim and Mizoram due to Losung/Namsung and New Year’s Eve.

Major holidays of December 2024:

Detailed information about holidays from RBI list

Holidays across the country are decided based on different festivals and local traditions in different regions.

• Feast of St. Francis Xavier: 3 December in Goa.
• Goa Liberation Day: 19 December in Goa.
• Christmas: December 25 in all states.
• Losung/Namsung: 31 December in Sikkim and Mizoram.