(MENAFN- Live Mint) Banks across India follow a holiday schedule determined by the Reserve Bank of India (RBI). They remain closed on Sundays, the second Saturday, and the fourth Saturday of every month. Since today October 19 is the third Saturday, banks will remain open for business as usual.
October, however, has multiple holidays across states due to festivals and elections. Banks will remain closed for a total of 15 days this month, but the holidays vary by region. Major events driving these closures include the General elections to State Legislative Assemblies, Mahatma Gandhi Jayanti, Navratra Sthapna, and Durga Puja .
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Some key holiday dates include October 2 (Mahatma Gandhi Jayanti /Mahalaya Amavasye), October 10 to 12 (various stages of Durga Puja and Dussehra), and October 31 (Diwali/Kali Puja and Sardar Vallabhbhai Patel's birthday). Other holidays such as Lakshmi Puja (October 16), Maharshi Valmiki Jayanti (October 17), and Accession Day (October 26) will also see banks closed in specific states.
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Here is a state-wise breakdown of closures:
Agartala will see holidays on October 2, 11, 12, 17, and 31. Bengaluru will observe closures on October 2, 11, 26, and 31. In Kolkata, banks will not operate on October 2, 11, 12, 17, and 31, while in New Delhi , holidays fall on October 2, 11, 24 (half-day), and 31. Cities like Mumbai will see fewer holidays, with closures only on October 2 and 11.
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