Bank of India and other banks in Uttar Pradesh will remain closed on January 3, 2026, to mark the birth anniversary of Hazrat Ali, as per the Reserve Bank of India's holiday calendar list. However, banks in the rest of the country are scheduled to remain operational as it is the first Saturday of the month.

RBI Saturday Holiday Guidelines

According to the RBI, all scheduled and non-scheduled banks observe public holidays on the second and fourth Saturdays of each month. The following Saturday closures are scheduled for January 2026:

Digital Banking Services Continue

Banks may close their branches on holidays, but digital banking services remain fully functional. The following services continue to operate during branch closures:

• ATMs remain accessible
• UPI payments function normally
• Internet banking services active
• Online facilities continue operation

This ensures customers do not face disruption in essential banking services even during regional holidays.

Complete January 2026 Bank Holiday Schedule

The RBI holiday list details closures across different states throughout January 2026:

Additionally, banks remain closed on all Sundays: January 4, 11, 18, and 25.

Holiday Classification System

The RBI classifies bank holidays into three main categories:

• Holidays under the Negotiable Instruments Act
• Banks' Closing of Accounts
• Real-Time Gross Settlement (RTGS) Holidays

State-specific regional festivals and cultural events lead to holidays that vary by location, with digital banking remaining active during these branch holidays. In case of doubt, it is advisable to verify a bank branch's working hours before visiting and confirm it will be operational on that particular day.

Bank credit to industry has shown accelerated growth momentum, expanding at 9.6% year-on-year in November 2025, marking a significant improvement from the 8.3% growth recorded in the same month of the previous year, according to latest Reserve Bank of India data.

Overall Credit Growth Performance

Non-food bank credit demonstrated robust expansion across the banking system during the reporting period. The comprehensive credit growth metrics highlight the strengthening credit demand in the economy.

Industry Sector Highlights

The industrial credit segment showed particularly encouraging trends, with micro, small and medium enterprises continuing to exhibit double-digit expansion rates. This sustained growth in the MSME sector indicates healthy business confidence and investment activity across smaller enterprises.

Among major industries, several sectors registered buoyant year-on-year growth performance:

• Infrastructure sector credit expansion
• All engineering industries showing strong demand
• Textiles sector maintaining growth momentum
• Petroleum, coal products and nuclear fuels demonstrating robust credit uptake

Services and Agriculture Sector Performance

The services sector maintained strong credit growth at 11.7% year-on-year, though slightly lower than the 12.8% recorded in the corresponding fortnight of the previous year. Within services, non-banking financial companies and computer software segments showed improved growth rates, while trade and commercial real estate registered healthy expansion despite marginal deceleration.

Agriculture and allied activities credit growth moderated to 8.7% compared to 15.3% in the previous year's corresponding period, reflecting a normalization from the exceptionally high growth rates seen earlier.

Personal Loans Segment Analysis

The personal loans segment recorded steady growth at 12.8% year-on-year, marginally down from 13.4% in the previous year. The segment showed mixed performance across different categories:

Sustained Growth Areas:

• Vehicle loans maintaining steady expansion
• Loans against gold jewellery showing consistent demand

Moderated Segments:

• Housing loans experiencing slower growth
• Credit card outstanding witnessing deceleration

Data Coverage and Methodology

The sectoral deployment data for November 2025 was compiled from 41 select scheduled commercial banks, representing approximately 95% of total non-food credit disbursed by all scheduled commercial banks. This comprehensive coverage ensures the data accurately reflects the overall banking sector's credit deployment patterns and growth trends across various economic segments.