Before planning to visit bank branches in the upcoming days, you must know that all public and private sector lenders across the country will remain shut for more than ten days (including weekends and festivals), starting from Wednesday. Notably, various festivals such as—Durga Puja, Navratri, Dussehra, Id-E-Milad etc will be observed in the month of October, so the Reserve Bank of India (RBI) calendar has a long list of holidays.
The banking regulator has notified the holidays for lenders under three brackets — the Negotiable Instruments Act, Holiday, Real Time Gross Settlement Holiday, and Banks’ Closing of Accounts. All banks including the public sector, private sector, foreign banks, cooperative banks, and regional banks across the country will remain closed on these notified holidays.
According to the RBI list, all banks remain closed on Republic Day (January 26), Independence Day (August 15), and Gandhi Jayanti (October 2), Christmas Day (December 25). Banks also remain shut on festivals including Diwali, Christmas, Eid, Guru Nanak Jayanthi, Good Friday. On the second and fourth Saturdays of every month, the private and public sector banks across the country remain closed. Reserve Bank of India (RBI) has also made it compulsory for banks to remain shut on Sundays.
Here is a complete list of holidays
October 1 – Half-annual bank closing account in Gangtok.
October 2 – Mahatma Gandhi Jayanti (closed in all states)
October 3 – Sunday
October 6 – Mahalaya Amavasya (Agartala, Bangalore, and Kolkata)
October 9 – Second Saturday
October 10 – Sunday
October 12 – Durga Puja (Maha Saptami) – Agartala, Kolkata
October 13 – Durga Puja (Maha Ashtami) – Agartala, Bhubaneswar, Gangtok, Guwahati, Imphal, Banks closed in Kolkata, Patna, and Ranchi
October 14 – Durga Puja / Dussehra (Maha Navami) – Agartala, Bangalore, Chennai, Gangtok, Guwahati, Kanpur, Kochi, Kolkata, Lucknow, Patna, Ranchi, Shillong, and Thiruvananthapuram
October 15 – Durga Puja / Dasara / Vijayadashmi – Imphal and Shimla
October 16 – Durga Puja (Dashain) – Gangtok
October 17 – Sunday
October 18 – Kati Bihu – Guwahati
October 19 – Eid-e Milad / Eid-e-Miladunnabi / Milad-e-Sharif / Barawafat- Ahmedabad, Belapur, Bhopal, Chennai, Dehradun, Hyderabad, Imphal, Jammu, Kanpur, Kochi, Lucknow, Mumbai, Nagpur, New Delhi, Raipur, Ranchi, Banks closed in Srinagar and Thiruvananthapuram
October 20 – Birthday of Maharishi Valmiki / Lakshmi Puja / Eid-e-Milad -Agartala, Bangalore, Chandigarh, Kolkata, and Shimla
October 22 – Friday after Eid-e-Milad-ul-Nabi – Bank closed in Jammu and Srinagar
October 23 – Fourth Saturday
October 24 – Sunday
October 26 – Merger Day – Jammu and Srinagar
October 31 – Sunday