Jobaaj Stories
Eid Holidays 2025: Bank Schedules & Official Dates
With the end of Ramadan approaching, many are wondering about the Eid-ul-Fitr holiday dates and their impact on banking and stock markets in 2025. This year, the holiday coincides with the end of the Indian financial year, leading to some unique scheduling adjustments.
Eid-ul-Fitr Dates & Moon Sighting
Eid-ul-Fitr celebrations are determined by the sighting of the Shawwal crescent moon. In Saudi Arabia, the moon sighting is expected on March 29th, 2025, with Eid likely falling on March 30th. India typically follows Saudi Arabia's announcement, so Eid in India is expected on March 31st, 2025. However, if the moon is not sighted on March 30th, Eid will be celebrated on April 1st in India.
Banking Schedules: A Mixed Bag
March 31st, 2025, is a significant date as it marks both Eid-ul-Fitr and the end of the Indian financial year. While traditionally a public holiday, the Reserve Bank of India (RBI) has cancelled the bank holiday on March 31st to facilitate crucial year-end financial transactions, including government payments and tax-related activities. Banks will remain open. However, March 29th (a Saturday) will see banks open, and select banks will operate on March 30th (Sunday) for government transactions. Remember to check with your local branch for specific timings.
Stock Market Holidays
The Indian stock markets (NSE and BSE) will be closed on Monday, March 31st, for Eid-ul-Fitr, providing an extended weekend for investors. The Multi Commodity Exchange (MCX) will have a shortened trading day.
Regional Variations
While the national schedules are as noted above, some regional variations exist. For example, public and private sector banks in Jammu and Kashmir will observe local holidays on March 27th and 28th, and the Sindh government in Pakistan has announced additional holidays extending the Eid break.
Conclusion
Eid-ul-Fitr 2025 presents a unique situation with the confluence of religious observance and the financial year-end. While banks will be open on March 31st for essential transactions, the stock market will be closed. Keep checking your local bank and official sources for the most up-to-date information. Enjoy the Eid celebrations!
