The Reserve Bank of India releases a list of state-specific bank holidays each year. From state to state, these holidays differ. Banks in West Bengal are closed on Monday, January 23, 2023, as it marks the birthday of Netaji Subhas Chandra Bose.

Netaji, who was born on January 23, 1897, was a significant figure in the Indian independence movement.

Parakram Day

Bravery Day, also known as Parakram Diwas, is now a recognised national day in India and is observed on January 23. In 2021, just before Netaji Subhas Chandra Bose’s 125th birthday, the Indian government unveiled it.

According to the Narendra Modi tweet, “Today, on Parakram Diwas, I pay homage to Netaji Subhas Chandra Bose and recall his unparalleled contribution to India’s history. He will be remembered for his fierce resistance to colonial rule. Deeply influenced by his thoughts, we are working to realise his vision for India.”

Republic Day, which is on January 26 this year, is the only national holiday when banks will be closed (Thursday).All bank holidays have been classified into distinct categories under the Negotiable Instruments Act of 1881-Holidays Under Negotiable Instruments Act, Banks’ Closing of Accounts, and Real-Time Gross Settlement Holiday.India observes three central holidays: Republic Day (26 January), Independence Day (15 August), and Mahatma Gandhi Jayanti (2 October). Banks are also closed on second Saturday and Sunday.

Last year, West Bengal Chief Minister Mamata Banerjee pleaded with the Center to declare the day a national holiday on the 125th anniversary of independence warrior Netaji Subash Chandra Bose’s birth.

January bank holiday description

List of holidays in January