Curated By: Business Desk
Last Updated: October 28, 2023, 17:30 IST
The Reserve Bank of India (RBI) has launched the checklist of holidays for November.
According to the checklist, banks throughout the states and union Territories in India will stay closed for a complete of 15 days owing to a number of festivals and common weekend holidays.
As October attracts to a detailed and the festive season approaches, it’s essential to concentrate on the upcoming financial institution holidays scheduled for November. The Reserve Bank of India (RBI) has launched an inventory of holidays to assist clients plan their monetary actions successfully. If you’re planning a go to to your financial institution department shortly, understanding these holidays will forestall any inconvenience. It’s value noting that digital companies like cell banking, UPI, and Internet banking will stay unaffected throughout these financial institution holidays.
The checklist signifies that banks throughout states and union territories in India might be closed for a complete of 15 days resulting from numerous festivals and common weekend holidays. Per RBI pointers, each private and non-private sector banks usually stay closed on the second and fourth Saturdays of every month. In addition to the same old Saturday and Sunday closures, banks nationwide will observe holidays on Diwali and regional festivals in November.
Here is an inventory of financial institution closure dates in November resulting from numerous festivals:
November 1 (Wednesday): Banks might be closed in Karnataka, Himachal Pradesh, and Manipur for Kut/Karva Chauth/Kannada Rajyotsava.
November 5 (Sunday): Weekly off.
November 10 (Friday): Banks in Meghalaya might be closed for Wangala Festival.
November 13 (Monday): Banks are closed in Tripura, Sikkim, Uttarakhand, Manipur, Rajasthan, Maharashtra, and Uttar Pradesh for Govardhan Pooja/Laxmi Puja/Deepawali/Diwali.
November 14 (Tuesday): Diwali (Bali Pratipada)/Deepawali/Vikram Savant New Year Day, with banks closed in Gujarat, Maharashtra, Sikkim, and Karnataka.
November 15 (Wednesday): Banks will stay closed resulting from Bhaidook/Chitragupt Jayanti/Laxmi Puja (Deepawali)/Ningol Chakkouba/Bhratridwitiya in Sikkim, Manipur, Uttar Pradesh, West Bengal, and Himachal Pradesh.
November 20 (Monday): Banks might be closed in Bihar and Rajasthan for Chhath (Morning Arghya).
November 23 (Tuesday): Banks might be closed in Uttarakhand and Sikkim resulting from Seng Kutsnem/Egaas-Bagwaal.
November 27 (Monday): Banks are closed in a number of states and areas, together with Madhya Pradesh, Orissa, Tripura, Mizoram, Maharashtra, Chandigarh, Uttarakhand, Hyderabad – Telangana, Rajasthan, Jammu, Uttar Pradesh, West Bengal, Maharashtra, New Delhi, Bihar, Jharkhand, and Himachal Pradesh resulting from Guru Nanak Jayanti, Karthika Purnima, and Rahas Purnima.
November 30 (Thursday): Banks might be closed in Karnataka for Kanakadasa Jayanthi.
The RBI categorizes holidays beneath three sections: Holidays beneath the Negotiable Instruments Act, Holidays beneath the Negotiable Instruments Act and Real Time Gross Settlement Holidays, and Banks’ Closing of Accounts. In addition to competition holidays, banks will even be closed on gazetted holidays nationwide.
