India, Sept. 4 -- The Reserve Bank of India has revised the bank holiday on Id-e-Milad (Milad-un-Nabi) tomorrow (5 September 2025), after several state governments and market participants requested flexibility in the schedule.

Banks across India will remain open on Friday, reversing an earlier directive that had declared it a holiday under the Negotiable Instruments Act. Instead, the RBI shifted the day off to Monday, 8 September, when certain banking transactions, including those in the government securities market, foreign exchange and money markets, will not be settled.

In Maharashtra, the state government has already confirmed that Mumbai and surrounding areas will observe a public holiday on 8 September for Id-e-Milad, because 5 Se...