Bank Holiday Alert: Banks to Remain Closed on Friday, February 28 – Here’s Why

Key Highlights:

✅ Banks to remain closed on Friday, February 28
✅ Holiday declared by RBI in Arunachal Pradesh
✅ Losar festival is the reason for the closure
✅ Banks in other states will operate as usual

Why Are Banks Closed on February 28?

The Reserve Bank of India (RBI) has declared a bank holiday in Arunachal Pradesh on Friday, February 28, 2025, due to the Losar Festival. However, banks in other states will remain open as usual.

💡 What is Losar?
🔹 Losar is the Tibetan New Year and is widely celebrated in Ladakh, Arunachal Pradesh, Sikkim, and Himachal Pradesh.
🔹 It is a festival of nature, prosperity, and spiritual purification.
🔹 People celebrate with prayers, traditional dances, colorful processions, and cultural programs in monasteries.
🔹 Traditional dishes like Guthuk and Khabse are prepared to mark the occasion.

Which States Will Observe the Bank Holiday?

📍 Friday, February 28: Banks will remain closed only in Arunachal Pradesh due to Losar.
📍 All other states: Banks will function normally.

💡 If you have banking tasks to complete in Arunachal Pradesh, plan accordingly, as all government and private sector banks will remain closed.

How Will This Affect Customers?

✔️ Online banking, ATMs, and mobile banking services will continue to operate.
✔️ Customers in other states can visit their banks as usual.
✔️ Businesses and individuals in Arunachal Pradesh should complete their bank-related work before or after the holiday.

📌 Stay updated with the latest banking news and holidays to avoid last-minute hassles!