Banks in Mumbai and nearby areas of Maharashtra are closed today, September 8, 2025, for Eid-e-Milad, following a decision by the Reserve Bank of India (RBI). According to the revised RBI holiday calendar, banking services in the rest of India remain unaffected.
Why Only Mumbai Has a Bank Holiday Today
The Reserve Bank of India confirmed that Eid-e-Milad, originally scheduled for September 5, was shifted to September 8 after the Maharashtra government issued a notification revising the date of observance. The decision was made to align the public holiday with religious authorities’ guidance.
An official circular from the RBI stated, “The holiday on September 5 stands cancelled, and all banking operations in the Mumbai region will instead remain closed on September 8.” The directive applies exclusively to Mumbai and its adjoining financial centres, while operations continue normally elsewhere in the country.
Nationwide Banking Status
While physical branches are closed in Mumbai, digital banking platforms such as Unified Payments Interface (UPI), internet banking, and mobile applications remain fully operational nationwide. Automated Teller Machines (ATMs) are also unaffected.
According to a report in The Economic Times, customers outside Maharashtra will not experience any disruption, as Monday is a regular business day for banks across most states.
Upcoming Bank Holidays This Week
The RBI’s September holiday schedule shows additional closures later this week.
- September 12 (Friday): Banks in Jammu and Srinagar will close for the observance of Friday following Eid-e-Milad-ul-Nabi, according to LiveMint.
- September 13 (Saturday): All banks nationwide will remain closed for the second Saturday of the month.
- September 14 (Sunday): Routine weekly closure for banks across India.
The Significance of Eid-e-Milad
Eid-e-Milad, also known as the Prophet’s Birthday, is an important festival observed by Muslim communities across India. While the holiday is not recognised as a national closure for all states, certain regions with large Muslim populations observe it through official bank and public holidays.
Dr. Shahid Ansari, a religious studies scholar at Aligarh Muslim University, explained, “The date of Eid-e-Milad is based on the lunar calendar and may vary regionally. This occasionally results in last-minute adjustments to government and institutional holiday schedules.”
Expert Commentary on Banking Operations
Banking analysts note that the staggered holiday schedule reflects the RBI’s “negotiable instruments act” framework, which allows state-specific observances without disrupting national financial systems.
Arun Mehta, senior economist at HDFC Bank, told Reuters, “By restricting closures to regional centres, the RBI ensures that nationwide operations such as clearing, settlements, and digital payment infrastructure continue without interruption.”
What Customers Should Know
For customers in Mumbai, branch-based services like cheque clearance, cash deposits, and in-person banking will resume on Tuesday, September 9, 2025. Those needing urgent services are advised to rely on digital banking platforms.
Outside Mumbai, branches are operating normally, though upcoming second Saturday and Sunday closures will affect banking availability nationwide.
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Conclusion
To summarise, Mumbai banks are closed today, September 8, for Eid-e-Milad, while services across the rest of India remain uninterrupted. Customers are urged to plan around upcoming nationwide holidays on September 13 and 14. The episode highlights how regional religious observances continue to influence India’s complex banking calendar, while digital platforms ensure essential services remain accessible.
