If you are planning to visit bank branches this month or October 2021, you must know that public and private sector banks will be closed for nine days straight, starting from tomorrow. There will be various festivals in October across the country including Durga Puja, Navratri and Dussehra celebrations. So there will be a long list of bank holidays this month, according to the Reserve Bank of India (RBI) calendar.
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 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.
It must be noted that bank holidays vary from one state to another. Bank holidays may not apply on all days in your state. So, bank customers are usually advised to visit the nearest branch to know about the complete list of bank holidays.
The banks will remain shut for a total of 21 days in October 2021. Here’s a full list of bank holidays in October, starting from October 11, 2021
1) October 12 – Durga Puja (Maha Saptami) / (Agartala, Kolkata)
2) October 13 – Durga Puja (Maha Ashtami) / (Agartala, Bhubaneswar, Gangtok, Guwahati, Imphal, Kolkata, Patna, Ranchi)
3) October 14 – Durga Puja/Dussehra (Maha Navami)/Ayutha Pooja (Agartala, Bengaluru, Chennai, Gangtok, Guwahati, Kanpur, Kochi, Kolkata, Lucknow, Patna, Ranchi, Shillong, Srinagar, Thiruvananthapuram)
4) October 15 – Durga Puja/Dasara/Dusshera (Vijaya Dashmi) / (All Banks except those in Imphal and Shimla)
5) October 16 – Durga Puja (Dasain) / (Gangtok)
6) October 17 – Sunday
7) October 18 – Kati Bihu (Guwahati)
8) October 19 – Id-E-Milad/Eid-e-Miladunnabi/Milad-i-Sherif (Prophet Mohammad’s Birthday)/Baravafat / (Ahmedabad, Belapur, Bhopal, Chennai, Dehradun, Hyderabad, Imphal, Jammu, Kanpur, Kochi, Lucknow, Mumbai, Nagpur, New Delhi, Raipur, Ranchi, Srinagar, Thiruvananthapuram)
9) October 20 – Maharishi Valmiki’s Birthday/Lakshmi Puja/Id-E-Milad (Agartala, Bengaluru, Chandigarh, Kolkata, Shimla)
10) October 22 – Friday following Eid-i-Milad-ul-Nabi (Jammu, Srinagar)
11) October 23 – 4th Saturday
12) October 24 – Sunday
13) October 26 – Accession Day (Jammu, Srinagar)
14) October 31 – Sunday
So, if you have any bank related work pending or you want to withdraw cash ahead of the festive season, you must visit your nearest branch at the earliest as banks will be closed for there is a long trail of bank holidays, starting from October 12. However, ATMs will work without any disruption during the above mentioned bank holidays.
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Source: News18