Fri Sep 05 05:40:00 UTC 2025: Okay, here’s a summary and a news article based on the provided text:

**Summary:**

The Reserve Bank of India (RBI) has announced a change to the banking holiday schedule. September 5th, initially designated a public holiday, will now be a working day for banks across India. The holiday has been moved to September 8th. This shift is due to Eid-e-Milad being observed on September 8th in Maharashtra, coinciding with the Ganesh Chaturthi immersion on the previously scheduled date. While the RBI has mandated that banks remain open nationwide on September 5th, some states may still observe a local holiday due to prior declarations for Eid-e-Milad or Onam, potentially affecting some branch closures. Financial markets will be closed on September 8th and all transactions due on that day will be postponed to September 9th.

**News Article:**

**RBI Reschedules Bank Holiday: Banks to Remain Open September 5th**

Mumbai, September 4, 2025 – The Reserve Bank of India (RBI) has unexpectedly announced that banks across India will remain open on Friday, September 5th, reversing a previously scheduled public holiday. The holiday, initially planned for September 5th under Section 25 of the Negotiable Instruments Act, has been shifted to Monday, September 8th.

The decision comes after the Maharashtra state government confirmed a bank holiday in Mumbai and surrounding areas on September 8th to observe Eid-e-Milad, which conflicted with the final immersion procession of Ganesh Chaturthi.

While the RBI directive means banking services will be largely operational nationwide on September 5th, customers should be aware that some states, including Gujarat, Karnataka, Tamil Nadu, Uttar Pradesh, Telangana, Kerala, Jammu & Kashmir, and Delhi, may still observe local holidays due to pre-existing declarations for Eid-e-Milad or the Onam festival. This could result in the closure of some bank branches in these regions.

“There will be no transactions and settlements in government securities, foreign exchange, money markets and rupee interest rate derivatives on September 8, 2025. The settlement of the auction of Government of India Dated Securities conducted on September 04 will take place on September 09,” stated the RBI in a circular released Thursday. All outstanding transactions due on September 8th will be postponed to September 9th, the next working day. The Standing Deposit Facility (SDF) and Marginal Standing Facility (MSF) will operate in accordance with the revised schedule.

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