January 2021 Bank Holidays: Full list by RBI

People often search for the days when bank and banking services will not be available for them. To give convenience to people and help them plan everything in advance, Reserve Bank of India (RBI) issues a list of Bank Holidays. As we enter the New Year 2021, let's have a look at full list of Bank Holidays in January 2021, as per RBI.

Bank Holidays in January 2021: Full list by RBI

Holiday: Description Day

New Year's Day: 1st January 2021

New Year’s Celebration: 2nd January 2021

Birthday of Swami Vivekananda: 12th January 2021

Makar Sankranti/Pongal/Maghe Sankranti: 14th January 2021

Thiruvalluvar Day/Magh Bihu and Tusu Puja: 15th January 2021

Uzhavar Thirunal: 16th January 2021

Guru Govind Singh Ji Birthday: 20th January 2021

Birthday of Netaji Subhas Chandra Bose: 23rd January 2021

Imoinu Iratpa: 25th January 2021

Republic Day/Gaan-Ngai: 26th January 2021

(CHART by RBI HERE)

Recently, RBI had cautioned against unauthorised Digital Lending Platforms/Mobile Apps.

RBI said, "There have been reports about individuals/small businesses falling prey to growing number of unauthorised digital lending platforms/Mobile Apps on promises of getting loans in quick and hassle-free manner. These reports also refer to excessive rates of interest and additional hidden charges being demanded from borrowers; adoption of unacceptable and high-handed recovery methods; and misuse of agreements to access data on the mobile phones of the borrowers."

"Legitimate public lending activities can be undertaken by Banks, Non-Banking Financial Companies (NBFCs) registered with RBI and other entities who are regulated by the State Governments under statutory provisions, such as the money lending acts of the concerned states. Members of public are hereby cautioned not to fall prey to such unscrupulous activities and verify the antecedents of the company/ firm offering loans online or through mobile apps. Moreover, consumers should never share copies of KYC documents with unidentified persons, unverified/unauthorised Apps and should report such Apps/Bank Account information associated with the Apps to concerned law enforcement agencies or use Sachet portal (https://sachet.rbi.org.in) to file an on-line complaint," a statement by RBI added.

"Reserve Bank has also mandated that digital lending platforms which are used on behalf of Banks and NBFCs should disclose name of the Bank(s) or NBFC(s) upfront to the customers. The names and addresses of the NBFCs registered with the Reserve Bank can be accessed here and the portal for filing complaints against the entities regulated by the RBI can be accessed through https://cms.rbi.org.in," RBI concluded in its caution statement.