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Bank Holiday Today: Know Why Banks Are Closed in Jammu and Srinagar on September 23

Bank Holiday Today: Know Why Banks Are Closed in Jammu and Srinagar on September 23
Bank Holiday Representative Image (Photo Credits: LatestLY)
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Public and private sector bank branches across Jammu and Srinagar are closed today, Wednesday, September 23, marking the birth anniversary of Maharaja Hari Singh Ji. As per the Reserve Bank of India (RBI) September bank holiday list, September 23 is a bank holiday in Jammu and Srinagar for Maharaja Hari Singh Jayanti.

Scope of the Bank Closure

  • Affected Regions: Banking operations are halted exclusively across regional jurisdictions observing the local official gazetted holiday, notably covering Jammu and Srinagar in the Union Territory of Jammu and Kashmir.
  • Impacted Institutions: All scheduled commercial banks - including State Bank of India (SBI), Punjab National Bank (PNB), HDFC Bank, ICICI Bank, and the Jammu & Kashmir Bank - remain closed for physical branch walk-ins, cash deposits, and clearing services.
  • National Status: The holiday is region-specific; bank branches function under normal business hours across the rest of India, including Maharashtra, Delhi, Karnataka, and Tamil Nadu. Bank Holidays in September 2026: Full State-Wise RBI Holiday List.

Historical Context: Maharaja Hari Singh Jayanti

  • The Figure: Maharaja Hari Singh was the last ruling monarch (Dogra dynasty) of the princely state of Jammu and Kashmir, ascending the throne in 1925 before signing the Instrument of Accession in October 1947.
  • Commemoration: Designated as an official annual public and holiday closure across the Union Territory, the date honours his legacy of progressive social reforms, temple-entry proclamations for marginalised communities, and educational initiatives.

Digital Banking Continuity

While physical brick-and-mortar branches remain shut:

  • Digital Channels: Unified Payments Interface (UPI), mobile banking applications (IMPS/NEFT online triggers), and netbanking remain operational 24/7.
  • ATM Network: Automated Teller Machines (ATMs) and cash recycler kiosks remain functional for emergency cash withdrawals, though bulk branch-dependent transactions (such as physical DD issuance or trade documentation) must wait until Thursday, September 24. Stock Market Holidays in September 2026: Full List of NSE and BSE Closures.

Regular branch operations across Jammu and Srinagar will resume on Thursday, September 24, as commercial banks return to standard business hours. Customers requiring physical teller services, trade financing, or locker access are advised to plan visits accordingly, while everyday digital and ATM transactions continue without interruption.

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(The above story first appeared on LatestLY on Sep 23, 2026 08:15 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).