**Bank Holiday Update: Changes to the Schedule**

 **Bank Holiday Update: Changes to the Schedule**

In an important update from the Reserve Bank of India (RBI), the bank holiday originally set for September 5 has been rescheduled to September 8. This decision, announced on Thursday, cancels September 5 as a public holiday under Section 25 of the Negotiable Instruments Act, allowing banks across India to remain open on that day.

For anyone planning to conduct bank activities today, here’s what you need to know: 

Unfortunately, there will be no transactions or settlements involving government securities, foreign exchange, money markets, or rupee interest rate derivatives on September 8, 2025. 

### Key Details:

- **Holiday Rescheduling**: The public holiday will now occur on September 8, Monday, instead of September 5. 

- **Local Holidays**: Certain states, including Gujarat, Karnataka, Tamil Nadu, Uttar Pradesh, Telangana, Kerala, Jammu & Kashmir, and Delhi, may still observe a bank holiday on September 5 for Eid-e-Milad or the Onam festival. Thus, some banks may remain closed on that date due to local mandates.

- **Reason for Change**: The rescheduling is partly due to the confirmation from the Maharashtra state government that Mumbai and surrounding areas will observe a holiday on September 8 for Eid-e-Milad, as the original date of September 5 coincided with the final immersion procession of Ganesh Chaturthi.

### Impact on Bank Operations:

According to the RBI’s circular, any transactions that are due on September 8 will be moved to the next working day, September 9. Additionally, the settlement for the auction of Government of India Dated Securities conducted on September 4 will also take place on September 9. Furthermore, the Standing Deposit Facility (SDF) and Marginal Standing Facility (MSF) will operate according to the new holiday schedule, with all bids placed today being reversed on September 5, 2025.

As we approach these dates, it’s essential to stay informed about your banking activities.