Bank Holiday Today: Banks will remain open today i.e. February 15 as it is the third saturday of the month. However, banks in Manipur will remain closed today on account of Lui Ngai Ni.
What is Lui Ngai Ni?
Lui Ngai Ni which is being celebrated on February 15 marks the beginning of the spring season and the new year in Manipur, known as a seed-sowing festival.
In the month of February, there are total eight bank holidays in addition to second and fourth Saturdays, and Sundays.
The RBI categorises bank holidays under the Negotiable Instruments Act into three types: Real-Time Gross Settlement (RTGS) holidays and banks’ closing of accounts. The bank holidays are informed through the RBI’s official channels, which are the website and notifications to banks.
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