In India, bank holidays are governed by the Reserve Bank of India and their rules and regulations. These holidays are chosen through tradition, country heritage, history and even religious and regional diversities found in the bank.

However, not all of these bank holidays are observed throughout the entire country since there are numerous holidays, observances and festivals that are specific to a certain region, which makes them state holidays.

The dates of the festivals aren’t dependent on the Gregorian calendar, but instead on other popular calendar systems; which means that some of the festivals can change on a yearly basis.

Also it should be borne in mind that some of the holidays of the banks can be changed by the proper authorities, but this happens only with prior notice. Also, along with the mandatory and regulated holidays, the employees are allowed to take off another 2 holidays that are part of the restricted holidays’ list depending on which festivals the person celebrates.

Here is a comprehensive list of the public bank holidays in 2016, along with the restricted holidays as set forth by the Central Government of India.

The Public Holidays are briefly discussed and described below –

  • Milad-Un-Nabi or Id-E-Milad (Birthday of Prophet Mohammad)
  • This holiday is a Muslim one and it celebrates the birthday of their prophet. It is also a gazetted holiday and prayers and public gatherings are often held where teaching and the life of the Prophet are talked about.

  • Republic Day
  • This is the day that India honors the Indian Constitution and the implementation of it. This is celebrated in all of the major areas of India and in the capital, Delhi. Cultural programs and various parades are planned and the air is full of festivity.

  • Holi
  • This festival is held in the spring and it is also called The Festival of Colors. This holiday is celebrated with plenty of fun throughout the various cities in the country.

  • Good Friday
  • This is a Christian holiday that is always on the Friday before Easter and is also known as Black Friday and Easter Friday. This is thought to have been the day that Jesus was crucified.


  • Rama Navami
  • This is the day of Lord Ram’s birthday and it is celebrated with plenty of pomp and ceremony since they believe Lord Ram is one of the numerous reincarnations of Lord Vishnu.

  • Mahavir Jayanti
  • This is a Jain holiday and it celebrates the birthday of Mahavira, who is the last of the Tirthankaras. It is always on the 13th day of Chaitra, which is an Indian month.

  • Budda Purnima
  • This is the day that celebrates the birthday of Gautum Buddha, who founded the Buddhism religion. It is always on the night of the full moon in the month of Vaisakha or Baisakh. Pilgrims come from all over the world to visit the Bodh Gaya for this special occasion.

  • Idu’l Fitr
  • This is a Muslim holiday and it is a happy one and they celebrate with visiting relatives and friends, eating special meals, giving to charities, putting on new clothing and attending special prayers.

  • Independence Day
  • This holiday is always observed with respect and happiness and it celebrates the day that the country earned their independence from the rule of the British bank in 1947.

  • Janmashtami
  • This is always on the 8th day of Shravana, which is an Indian month, and it celebrates the birthday of Krishna, who is a Hindu god. He is thought to have been the 8th reincarnation of Lord Vishnu.

  • Mahatma Gandhi’s Birthday
  • The birthday of Mahatma Karamchand Gandhi is celebrated as a national holiday since he is considered to be the Father of the Nation.

  • Dussehra
  • This holiday translates into “remover of ill-omen” and on this day the holiday is celebrated because virtue won over vice.

  • Id-ul-Zuha (Bakrid)
  • This is the day that the Muslim prophet, Ibrahim had sacrificed his own son because God asked him to. On this day goat sacrifice is practiced as a symbolic sacrifice.

  • Diwali (Deepavali)
  • This is one of the many Hindu festivals that is celebrated all over the world and it is also called the Festival of Lights. This holiday is celebrated with plenty of food and fun, observation of important religious customs, lighting up and decorating homes and lighting fireworks. This is also the day that Mahavir attained Nirvana for the Jains.

  • Muharram
  • This is the first day of the first month on the Islamic calendar and is a reverent day for the Muslims.

  • Guru Nanak’s Birthday
  • This is the day that celebrates the birthday of Guru Nanak, who is the founder of the Sikh religion and the first Guru of the religion and the followers.

  • Christmas Day
  • This day is the birthday of Jesus Christ and is celebrated with plenty of festivities, including feasting, giving gifts and spending time with family. Also, there are special prayers that are said by the Christians to give a more significant meaning to the occasion.

List of 2016 Bank Holidays in India

Public Holidays 2016

Month Day Week Day Name
January 26 Tuesday Republic Day
March 23 Wednesday Holi
March 25 Friday Good Friday
April 15 Friday Rama Navami
April 19 Tuesday Mahavir Jayanti
May 21 Saturday Budda Purnima
July 5 Tuesday Idu’l Fitr (All states except for Uttar Pradesh, Jharkhand, Goa and Delhi)
July 6 Wednesday Idu’l Fitr (Delhi)
August 15 Monday Independence Day
August 25 Thursday Janmashtami
September 12 Monday Id-ul-Zuha (Bakrid)
October 1 Thursday Muharram
October 11 Tuesday Dussehra
October 30 Sunday Diwali (Deepavali)
November 14 Monday Guru Nanak’s Birthday
December 12 Friday Milad-Un-Nabi or Id-E-Milad (Birthday of Prophet Mohammad)
December 25 Wednesday Chirstmas Day

Restricted Holidays 2016

Month Day Week Day Name
January 1 Friday New Year’s Day
January 15 Friday Makar Sankranti
January 15 Friday Pongal
January 16 Saturday Guru Gobind Singh’s Birthday
February 12 Friday Sri Panchami
February 13 Saturday Basanta Panchami / Sri Panchami
February 19 Friday Shivaji Jayanthi
February 14 Sunday Swami Dayananda Saraswati Jayanti
February 25 Thursday Guru Ravidas’ Birthday
February 26 Friday Maha Shivratri
March 23 Wednesday Holika Dahan
March 27 Sunday Easter Sunday
April 8 Friday Chaitra Sukladi / Gudi Padava / Ugadi / Cheti Chand
April 13 Wednesday Vaisakhi
April 15 Friday Vishu
April 14 Thursday Mesadi
April 14 Thursday Vaisakhadi (Bengal)/Bahag Bihu (Assam)
April 21 Thursday Hazarat Ali’s Birthday
May 7 Saturday Guru Rabindranath’s Birthday
July 1 Friday Jamat-UI-Vida
July 6 Wednesday Rath Yatra
August 17 Wednesday Parsi New Year’s day
August 18 Thursday Raksha Bandhan
September 5 Monday Vinayaka Chaturthi/Ganesh Chaturthi
September 13 Tuesday Onam
October 9 Sunday Maha Saptami (Additional) (Dussehra)
October 10 Monday Dussehra (Maha Astami) (Additional)
October 11 Tuesday Dussehra (Maha Navami)
October 15 Saturday Maharishi Valmiki’s Birthday
October 19 Wednesday Karaka Chaturdasi (Karva Chouth)
October 29 Saturday Narak Chaturdasi
October 30 Sunday Deepavali (South India)
October 31 Monday Govardhan Puja
November 1 Tuesday Bhai Duj
November 6 Sunday Pratihar Sashthi or Surya Sashthi (Chhat Puja)
November 24 Thursday Guru Teg Bahadur’s Martyrdom Day
December 24 Saturday Christmas Eve