The Reserve Bank of India (RBI) on Thursday announced a revision in the public holiday schedule for Maharashtra. The Central Bank stated that Monday September 8, 2025 will now be observed as a public holiday under Section 25 of the Negotiable Instruments Act, 1881. The previously declared holiday on September 5, 2025, has been cancelled. As a result, financial markets including government securities, foreign exchange, money markets, and rupee interest rate derivatives will remain closed on September 8 and operational on September 5.
RBI Shifts Holiday To September 8
“The Government of Maharashtra has declared September 08, 2025, as a public holiday under Section 25 of the Negotiable Instruments Act, 1881. The public holiday on September 05, 2025, declared earlier has been cancelled. Accordingly, there will be no transactions and settlements in Government securities, foreign exchange, money markets and rupee interest rate derivatives on September 08, 2025. The Government securities market, foreign exchange market, money market and rupee interest rate derivatives market will now be operational on September 05, 2025,” RBI stated in its order.
As per the latest notification, all outstanding transactions originally scheduled for settlement on September will now be settled on the next working day, September 9. Additionally, the settlement of the auction of Government of India Dated Securities conducted on September 4, 2025 (Thursday) will take place on September 09, 2025 (Tuesday).
“The Standing Deposit Facility (SDF) and Marginal Standing Facility (MSF) windows under the Liquidity Adjustment Facility (LAF) will be available as per the revised holiday. Accordingly, all the SDF and MSF bids placed today will get reversed tomorrow i.e., September 5, 2025. Further, the SDF and MSF windows will be available as usual on all days as per the extant guidelines,” the order added.
The Reserve Bank of India states, "The Government of Maharashtra has declared September 08, 2025, as a public holiday under Section 25 of the Negotiable Instruments Act, 1881. The public holiday on September 05, 2025, declared earlier has been cancelled. Accordingly, there will… pic.twitter.com/P3Mtjli098
— ANI (@ANI) September 4, 2025
