On 17 October 2024, many banks across India will remain open, but some branches will be closed due to local holidays. The Reserve Bank of India (RBI) has outlined a detailed holiday schedule for banks during this festive season, which includes various state-specific holidays.
Main Points
Upcoming Bank Holidays
From October 14 to October 17, 2024, banks will observe several holidays due to significant festivals. Here’s a brief overview of the upcoming bank holidays:
- October 14: Banks will be closed in certain states for Durga Puja.
- October 15: Some branches may also observe closures for Durga Puja.
- October 16: Lakshmi Puja will lead to bank closures in specific regions like Agartala and Kolkata.
- October 17: Maharshi Valmiki Jayanti and Kati Bihu will cause closures in cities including Bengaluru and Guwahati.
City-Specific Bank Status
The status of banks can vary significantly depending on the city. Here’s a breakdown of bank operations in major cities:
- Mumbai: Banks are expected to remain open on October 16, allowing customers to conduct their banking activities without interruption.
- Delhi: Similar to Mumbai, most banks will operate normally on October 16.
- Kolkata: Banks will be closed on October 16 due to Lakshmi Puja.
- Bengaluru: Banks will close on October 17 for Maharshi Valmiki Jayanti.
- Chennai: Most banks are likely to remain open throughout this period.
Full Details of Bank Holidays
October 2024 Bank Holidays Overview
| Date | Day | Holiday Name | Cities Affected |
|---|---|---|---|
| October 14 | Monday | Durga Puja | Various states |
| October 15 | Tuesday | Durga Puja | Gangtok |
| October 16 | Wednesday | Lakshmi Puja | Agartala, Kolkata |
| October 17 | Thursday | Maharshi Valmiki Jayanti/Kati Bihu | Bengaluru, Guwahati, Shimla |
Importance of Checking Local Schedules
It is essential for customers to check their local bank’s holiday schedule. While the RBI sets a general framework for bank holidays, local branches may have specific observances based on regional festivals. This means that while some banks may be closed in one city, they might be open in another.
Online Banking Services
Despite the physical closure of many branches during these holidays, customers can still access their banking services online. All digital banking platforms will remain operational, allowing users to transfer funds, pay bills, and manage their accounts without any interruptions. This is particularly useful during festive seasons when many people prefer handling their banking needs from home.
