BusinessBank Holiday Alert: Why Are Banks Taking a Day Off on October...

Date:

Bank Holiday Alert: Why Are Banks Taking a Day Off on October 10? RBI Reveals All

Banks across several northeastern states will remain closed tomorrow, October 10, for Maha Saptami celebrations, marking a significant day in the Durga Puja festival. The Reserve Bank of India (RBI) has confirmed closures in Tripura, Assam, Nagaland, and West Bengal, while banks in other states will maintain regular operations.

Banks to be shut tomorrow on account of Maha Saptami

  • Net banking
  • ATMs
  • Mobile banking apps
  • Bank websites

Maha Saptami, the seventh day of Durga Puja, traditionally commemorates the beginning of Goddess Durga’s battle against demon king Mahishasura. While physical branches will be closed, digital banking services remain unaffected. Customers can continue accessing:

October promises to be a month heavy with bank holidays, particularly in regions celebrating major festivals.

Key closure dates of Banks in October by RBI include:

  • October 11: Mahanavami
  • October 12: Dussehra and second Saturday
  • October 13: Weekly holiday (Sunday)
  • October 14: Durga Puja (Dasin) and Dussehra in Gangtok
  • October 16: Laxmi Puja (Agartala, Kolkata)
  • October 17: Maharishi Valmiki Jayanti
  • October 20: Weekly holiday (Sunday)
  • October 26: Accession Day (Jammu and Kashmir) and Fourth Saturday
  • October 27: Weekly holiday (Sunday)
  • October 31: Diwali (Deepavali)/Kali Puja/Sardar Vallabhbhai Patel’s Birthday/Naraka Chaturdashi

The RBI categorizes these holidays under three classifications: Negotiable Instruments Act, Real Time Gross Settlement Holiday, and Banks’ Closing of Accounts. Holiday schedules vary significantly by region, reflecting India’s diverse cultural calendar.

Banking experts advise customers to plan transactions accordingly, particularly for services requiring branch visits. “While digital services remain operational 24/7, it’s prudent to check the RBI’s official holiday calendar for your specific region,” suggests a senior banking official.

With multiple consecutive holidays in some regions, customers are encouraged to complete essential banking tasks in advance to avoid any inconvenience.

Share post:

Popular

More like this
Related

Karnataka Govt Will Soon Decide on Hijab Ban; Says Minister

The debate over Karnataka’s hijab ban has resurfaced after...

Supreme Court Orders Exam Rights For Disabled Candidates

The Supreme Court ruled on Monday that all persons...

India Receives First Military Flight With Migrants from U.S

A U.S. military transport aircraft is deporting migrants to...

Israel Strikes 50 ‘Terrorist’ in Palestine’s West Bank

The Israel Defense Forces (IDF) announced on Sunday (local...