India, Dec. 31 -- New Year's Day often brings celebration, but it also brings confusion to bank customers. In 2026, January 1 falls on a Thursday, and many people want to know if banks will be open or closed on that day.

The answer is simple, January 1, 2026, is not a nationwide bank holiday. Banks will remain open in most parts of India. However, a few states will observe a holiday.

The Reserve Bank of India follows a state-specific holiday system. This means bank closures depend on local festivals and observances.

Yes, but only in select states.

Under the Negotiable Instruments Act, some states observe a bank holiday on January 1 due to New Year's Day and Gaan-Ngai celebrations. In these regions, bank branches will remain closed.

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