Tomorrow Bank Holiday: Banks will remain closed on April 1, know why RBI has given holiday to banks?

Tomorrow Bank Holiday: Today is the last day of the financial year 2025-26. The new financial year 2026-27 will start tomorrow from April 1, 2026. If you are thinking of going to the bank for any work tomorrow, April 1, then please note that banks will remain closed in many cities of the country on this day. Therefore, before going to the bank, definitely check the schedule of bank holidays for your city. Let us know in which cities banks will remain closed tomorrow, on 1st April and what is the reason given by RBI for this holiday.

Bank holiday on 1st April

Tomorrow, on April 1, banks will remain closed in most cities of the country. Banks will remain closed in all cities across the country on April 1, except Aizawl, Gangtok, Kohima, Ranchi, Shillong and Shimla. So, if you live in Aizawl, Gangtok, Kohima, Ranchi, Shillong or Shimla, you can visit your bank tomorrow.

Why are banks closed tomorrow, 1st April?

Tomorrow is the first day of the financial year 2026-27. Therefore, RBI has declared a bank holiday tomorrow in most of the cities of the country, so that the annual closing processes at the end of the financial year can be completed. On this day, banks carry out their internal financial work, such as closing accounts of the previous financial year, preparing balance sheets, checking data and conducting annual audits. For this reason, RBI has declared a holiday for banks.

It is worth noting that the Reserve Bank of India (RBI) already releases a complete list of bank holidays, in which it is told on which days, in which cities and for what specific reason the banks will remain closed. Therefore, before going to the bank on any day, it is good to check the list of bank holidays of RBI. In the coming month of April also, banks will remain closed on different days in many cities.