Bank holiday today, April 1 -- Banks in several parts of India will remain closed on Wednesday, April 1, to enable them to close their yearly accounts. The holiday applies in major cities such as Ahmedabad, Mumbai, New Delhi and Kolkata.

The bank holiday today is scheduled as part of the Reserve Bank of India (RBI) bank holiday calendar, which is released at the beginning of every year. According to the RBI calendar, April has a total of 14 holidays.

The annual closing on 1 April is a routine process during which banks reconcile and finalise their financial statements for the previous fiscal year. As a result, many branches suspend customer-facing operations for the day to allow staff to complete accounting procedures and prepare for th...