Bank Holiday today, Feb. 22 -- Weekend is here, and so is the confusion about whether banks will remain shut or open today, ie Saturday. The Reserve Bank of India (RBI) has mandated bank holidays on second and fourth Saturdays of every month. Hence, banks will remain closed today, February 20, as it is the fourth Saturday of the month.

It will be a holiday for all banks including private, public sector, and cooperatives. There was a bank holidau in some states on February 19 on the account of Chhatrapati Shivaji Maharaj Jayanti. Banks were open last Saturday as it was the third week of the month.

Banks will remain shut on the occasion of Mahashivratri and Losar in some states. As per RBI's bank holiday calendar, banks will remain shut i...