The Reserve Bank of India (RBI) said money market and banking operations in Mumbai will remain closed on Monday, September 8, 2025, instead of Friday, September 5. The change follows the Maharashtra government’s decision to move the Eid-e-Milad holiday.
The Maharashtra General Administration Department issued a notification rescheduling the holiday for Mumbai city and suburban districts. The shift was made to avoid an overlap with Anant Chaturdashi on September 6, 2025, when Ganesh idol immersion processions are held.
The circular clarified that the change applies only to Mumbai and its suburbs. In other districts of Maharashtra, as well as across the country, the holiday for Eid-e-Milad will continue to be observed on September 5 as notified earlier. Government offices in Mumbai will remain open on September 5 and closed on September 8, 2025.
The RBI, in its September 4 circular, said there will be no transactions or settlements in government securities, foreign exchange, money markets, or rupee interest rate derivatives on September 8. These markets will remain functional on September 5.
All settlements due on September 8 will be carried forward to September 9, the next working day. This includes the settlement of the Government of India Dated Securities auction conducted on September 4.
The Standing Deposit Facility (SDF) and Marginal Standing Facility (MSF) under the Liquidity Adjustment Facility will also follow the revised schedule. The RBI noted that all SDF and MSF bids placed on September 4 would be reversed on September 5.
Read more: SEBI Proposes New Closing Auction Session to Make Stock Prices More Stable!
With the change, financial markets in Mumbai will operate as usual on September 5 and remain closed on September 8, 2025. The adjustment has been made only for Mumbai and its suburbs, while the rest of the country continues to observe the holiday on September 5.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Sep 5, 2025, 11:22 AM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates