Date: 2025-09-04Category: Not ApplicableState: Union GovernmentCountry: India
Change in Public Holiday under Negotiable Instruments Act – No Transactions and Settlements in Government Securities, Forex and Money Markets on September 08, 2025
**Summary:**
The Reserve Bank of India (RBI) has announced a change in public holiday under the Negotiable Instruments Act, 1881. As per the Government of Maharashtra's declaration, September 08, 2025, will be a public holiday. Consequently, the previously declared public holiday on September 05, 2025, is cancelled. There will be no transactions and settlements in Government securities, foreign exchange, money markets, and rupee interest rate derivatives on September 08, 2025. These markets will now be operational on September 05, 2025.
Settlement of all outstanding transactions due on September 08, 2025, will be postponed to September 09, 2025. The settlement of the auction of Government of India Dated Securities conducted on September 04, 2025, will also take place on September 09, 2025.
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 schedule. All SDF and MSF bids placed on September 04, 2025, will be reversed on September 05, 2025. The SDF and MSF windows will be available as usual on all other days, following existing guidelines.
For further information, contact the Department of Communication, Central Office, Reserve Bank of India, Shahid Bhagat Singh Marg, Fort, Mumbai – 400 001. Phone: 022 2266 0502. Email: helpdoc@rbi.org.in. Website: www.rbi.org.in.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for monetary policy and regulation of the banking system.
Negotiable Instruments Act, 1881: An act of the Parliament of India that codifies the law relating to promissory notes, bills of exchange, and cheques.
Government of Maharashtra: The state government of Maharashtra, India, which declared September 08, 2025, as a public holiday.
Government Securities: Debt instruments issued by a government to support government spending.
Forex: Foreign exchange market.
Money Markets: A market for short-term debt instruments.
Liquidity Adjustment Facility LAF: A tool used by the Reserve Bank of India to manage liquidity in the banking system.
Puneet Pancholy: Chief General Manager at Reserve Bank of India
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व ब ैंक
RESERVE BANK OF INDIA
वेबसाइट : www.rbi.org.in/hindi संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
September 04, 2025
Change in Public Holiday under Negotiable Instruments Act – No Transactions
and Settlements in Government Securities, Forex and Money Markets on
September 08, 2025
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.
2. Settlement of all outstanding transactions due on September 08, 2025 (Monday)
will get postponed to the next working day, i.e., September 09, 2025 (Tuesday).
Settlement of the auction of Government of India Dated Securities conducted on
September 04, 2025 (Thursday) will take place on September 09, 2025 (Tuesday).
3. 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.
(Puneet Pancholy)
Press Release: 2025-2026/1042 Chief General Manager