Banks in Mumbai will be closed on Monday, Sept. 8, because of a public holiday for Id-E-Milad. The Reserve Bank of India (RBI) has reset the bank holiday, previously fixed on Sept. 5, following the Maharashtra state government’s announcement of the rescheduling of the holiday for Id-E-Milad in Mumbai city and suburban districts to Sept. 8.
The RBI, through a September 4 notification, revised the listed bank holiday in Mumbai for Id-E-Milad to September 8 from September 5. As per the RBI, the planned bank holiday was rescheduled after the Maharashtra government announced September 8 as a public holiday in Mumbai and suburban districts under Section 25 of the Negotiable Instruments Act, 1881.
Also Read: Banks Closed on 5 & 6 September for Id-E-Milad 2025? Know Here
Money Market Transactions on Sept. 8: RBI Announced
“No transactions and settlements in government securities (G-Sec), foreign exchange, money markets, and rupee interest rate derivatives shall take place on Sept. 8, 2025,” the RBI notification stated.
According to the RBI notification, settlement of all due transactions outstanding as of Sept. 8 will be deferred to the following working day, i.e., Sept. 9.
In an official order, dated Sept. 3, the Maharashtra government’s Department of General Administration notified that the public holiday on the occasion of Eid-e-Milad will now be celebrated on Sept. 8, in place of Sept. 5, in Mumbai city and suburban districts.
Also Read: Bank of Baroda Declares RCom and Anil Ambani’s Loan Accounts as Fraud
Other Maharashtra Districts Continue Holiday with Sept. 5, 2025
It was decided to keep Anant Chaturdashi on Sept. 6, which was also the culmination of the 10-day Ganpati festival in Mumbai and Maharashtra with the idol immersion.
But the government order made it clear that other districts of the state will have Sept. 5 as a holiday in lieu of Eid-e-Milad.
According to the RBI holiday calendar, all state banks are closed on all national and state-level public holidays. But the dates will differ according to regional calendars. Besides scheduled holidays, banks are closed on the second and fourth Saturdays and all Sundays in every month.
Online Banking, UPI, and ATMs to Remain Functional All Day
Even during bank holidays, customers can initiate transactions through online banking, mobile banking, and ATMs. Customers can also transfer money through UPI, NEFT, and RTGS during bank holidays. It is better that customers view the bank holiday closures as per the regional calendar before making a trip to a branch.
Also Read: Banks to Remain Closed for 15 Days in September 2025 | CHECK FULL LIST
