Bank Holidays in January 2023

Bank holidays are the days when public and private banking institutions close their operations, barring their online services. They usually include national or regional holidays, as well as the second and fourth Saturday of each month. Bank Holidays in January are a mix of important national holidays and religious or regional holidays.

January marks the beginning of a new year and the harvest season in some parts of the country. So, there are a few regional holidays in this month as well. Keep reading to know all the Bank Holidays in January 2023.

Bank Holidays in January 2023

Bank Holidays in January may differ from region to region. In some parts of India, banks may remain closed on certain days due to regional celebrations. Moreover, it is to be noted that banks in India remain closed on every Second and Fourth Saturday of the month. Here is the complete list of January bank holidays and the states they are observed in:

Holidays in January 2023

Before we share the list of bank holidays in January, you must check out the total holidays in the month. Note that this list only includes the gazetted and government holidays.

Important Bank Holidays in January

Here, we have provided details about some of the important bank holidays in January 2023:

New Year's Day (1st January 2023)

Many banks remain closed on New Year's Day. 1st January marks the beginning of a new year and people worldwide spend this day with their near and dear ones. While this day is not a gazetted holiday, some private or government sector banks may remain closed on this day.

Guru Gobind Singh Jayanti (5th January 2023)

This day marks the birth anniversary of the 10th Guru of the Sikhs. It is celebrated in the states of Chandigarh and Haryana. Accordingly, Guru Gobind Singh Jayanti is observed as one of the bank holidays in January in these states.

Missionary Day (11th January 2023)

Missionary Day is another one of the regional January 2023 Bank Holidays. It is celebrated in Mizoram on 11th January to commemorate the arrival of two Welsh Christian missionaries in 1894 that established the Presbyterian and Baptist Churches of Mizoram.

Swami Vivekananda Jayanti (12th January 2023)

Swami Vivekananda Jayanti marks the birth anniversary of the great Indian philosopher and monk. He was born in 1863 in Kolkata and is regarded for his philosophical works and his influence on the youth of the nation. In honor of this great personality, 12th January is observed as a bank holiday.

Makar Sankranti (14th January 2023)

Makar Sankranti is a Hindu festival observed to celebrate the sun's movement in a northwards direction. This day is celebrated in various parts of India under different names. Makar Sankranti is always a bank holiday in January.

Pongal/Magh Bihu (15th January 2023)

Pongal is celebrated by Tamils, and Magh Bihu is celebrated by Assamese people. Both festivals are harvest festivals and are significant because they mark the end of winter.

Sonam Losar (22nd January 2023)

Sonam Losar festival is celebrated by the Hyolmo people who reside in Nepal, Darjeeling, and Sikkim regions in India. This festival falls on the second new moon that appears after the winter solstice. This event marks the beginning of the Tibetan New Year. The day of Sonam Losar is observed as a bank holiday in January in many regions of the country.

Himachal Pradesh State Day (25th January 2023)

The Statehood Day of Himachal Pradesh falls on 25th January when in 1971, the Parliament passed the State of Himachal Pradesh Act. It made Himachal Pradesh the 18th state in India. This day is observed as a bank holiday in January in the state of Himachal Pradesh.

Republic Day (26th January 2023)

Republic Day is the most significant national holiday in January. It is celebrated on 26th January, marking the date on which the Constitution of India came into effect, and the country became a republic. This is a gazetted bank holiday in January.

Me-Dam-Me-Phi (31st January 2023)

Me-Dam-Me-Phi is a state holiday in Assam and Arunachal Pradesh, where the people perform ancestor worship in memory of the departed. Ethnic communities of the states observe this festival.

FAQs on Bank Holidays in January

Q1. What is the total number of Bank Holidays in January?

There are a total of 11 bank holidays in January. Note that the total number of holidays may differ from region to region as some festivals are celebrated regionally. Also, this number excludes the Second and Fourth Saturdays and all Sundays of the month.

Q2. Which are the second and fourth Saturday Bank Holidays in January?

The second and fourth Saturdays in January fall on 14th January and 28th January. These days will officially be bank holidays in January 2023 for all private and public sector banks. Besides these days, the

Q3. Which is a gazetted Bank Holiday in January?

Republic Day, which falls on 26th January, is a national holiday. It is a gazetted holiday, which means that as per government rules, all private and public sector banks will remain closed on this days.

Q4. Is Makar Sankranti a Bank Holiday in January?

Yes, Makar Sankranti is an important bank holiday in January. In 2023, it will be celebrated on 14th January. This day is observed to celebrate the sun's movement in a northwards direction. On this day, some public and private sector banks will remain closed.