On January 1, most private and public institutions remain closed on the occasion of New Year. In such a situation, many people are confused about whether the stock market and banks will be working on the occasion of New Year i.e. on January 1, 2025, or there will be a holiday. Let us know whether the stock market and banks will open on January 1 or not.

Will the stock market remain closed on January 1?

Both the major stock market exchanges - BSE and NSE have released the holiday calendar for the year 2025. According to this, the stock market will function normally on January 1, 2025. Even during the entire of January 2025, the stock market will not remain closed for a single day except for weekly holidays. The stock market is usually closed on January 26, but this time January 26 is also on Sunday, which is a weekly holiday.

Pre-open trading on January 1 will run from 9:00 am to 9:15 am, as is the case on every business day. Regular trading will continue from 9:15 am to 3:30 pm. According to the BSE and NSE Holiday Calendar 2025, the stock market will remain closed for 14 days throughout the year.

Will banks remain closed on January 1 or not?

According to the RBI list, banks across the country will not be closed on January 1. Banks in only a few areas will not work on January 1. These include Chennai, Kolkata, Aizawl, Shillong, Kohima, and Gangtok. At the same time, banks in the rest of the country will function normally. You can also find out at your nearest bank branch whether the banks will remain open or closed.

How will work be done when the bank is closed?

If the banks are closed, you can transact through net banking or UPI. You can easily do fixed deposits, recurring deposits, and other types of transactions through net banking. If you want cash, you can use the ATM. ATM facility is available 24 hours. Bank holidays do not affect this. However, in rural areas, many ATMs open as per the bank's schedule. You have to keep this in mind.

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