If you are planning to complete banking tasks on February 28, this news is important for you. According to the Reserve Bank of India’s (RBI) holiday calendar, banks in certain states will remain closed (Bank Holiday) on this day due to a special regional festival. However, this holiday will not be applicable nationwide but only in select regions.
The holiday is due to the Losar festival, a significant event for the Tibetan Buddhist community, which will be celebrated on Friday, February 28. The festival is mainly observed with great enthusiasm in the Buddhist-majority regions of Ladakh, Arunachal Pradesh, Sikkim, and certain parts of Himachal Pradesh.
“Losar” literally means “New Year” and symbolizes nature, prosperity, and spiritual purification. Due to this, all banks in Arunachal Pradesh will remain closed. The RBI has restricted the closure to only Arunachal Pradesh, while banks in other states will remain operational.
States Where Banks Will Be Closed on February 28
On February 28, banks will remain closed in Arunachal Pradesh due to the Losar festival. Banking services in all other states will function as usual.
Complete List of Bank Holidays in February 2025
Date Holiday Description
3 Feb Saraswati Puja
11 Feb Thai Poosam / Municipal Corporation General Election 2025
12 Feb Sant Ravidas Jayanti / Guru Ravi Das’s Birthday / General Election to Local Councils 2025
15 Feb Lui-Ngai-Ni
19 Feb Chhatrapati Shivaji Maharaj Jayanti
20 Feb Statehood Day / State Day
21 Feb General Elections, 2025
26 Feb Mahashivratri
28 Feb Losar
Tip: Since banking holidays vary by region, always check with your local branch or the RBI’s official holiday calendar before planning any banking tasks.