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Bank Holiday Today: Is November 1, 2024, a Diwali Holiday for Indian Banks?

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In India, November 1, 2024, is a significant date as it follows the major festival of Diwali, which falls on October 31. Many people are curious whether banks will be closed on this day. According to the Reserve Bank of India’s (RBI) holiday calendar, banks will indeed be closed on November 1, 2024, for Diwali celebrations. This closure is part of the extended festive period that many states observe following Diwali.

Understanding Bank Holidays During Diwali

Diwali, also known as the Festival of Lights, is one of the most celebrated festivals in India. It symbolizes the victory of light over darkness and good over evil. The festival usually lasts several days, with various rituals and celebrations taking place. In 2024, the main day of Diwali is on October 31, followed by a bank holiday on November 1.

Bank Holiday Schedule

Here’s a brief overview of the bank holiday schedule around Diwali 2024:

DayDateBank Holiday Status
DhanterasOctober 29, 2024No holiday
Narak Chaturdashi (Choti Diwali)October 30, 2024Holiday
DiwaliOctober 31, 2024Holiday
November 1November 1, 2024Holiday
Govardhan PujaNovember 2, 2024NA
Bhai DoojNovember 3, 2024Holiday

The holiday on November 1 is not just for Diwali but also coincides with Puducherry Liberation Day in some regions. However, the primary reason for the closure across most states is to allow families to celebrate the festival together.

State-Specific Holidays

While banks are closed nationwide for Diwali and its associated holidays, it’s essential to note that certain states may have additional holidays or variations in their schedules. For example:

  • Maharashtra: Banks will be closed on November 1 for both Diwali and local observances.
  • Karnataka: Similar to Maharashtra, Karnataka observes a holiday for Diwali and additional local festivities.
  • Tamil Nadu: In Tamil Nadu, while November 1 is a holiday for Diwali celebrations, there may be other regional holidays recognized.

Importance of Checking Local Schedules

It is advisable for customers to check with their local bank branches or official websites regarding specific holiday schedules. This ensures that they are aware of any additional closures or changes that may affect banking services during this festive period.

Banking Operations During Diwali

Even though banks are closed on these holidays, many banking services remain accessible online. Customers can utilize net banking services, mobile banking apps, and ATMs for their transactions. This flexibility allows individuals to manage their finances even during festive closures.

Kuldeep Singh

Kuldeep Singh is an experienced Hindi and English news writer with nearly 4 years of experience in the media industry. He loves to read and write news related to technology, automobile and business. He has covered all these sections extensively and presented excellent reports for the readers. Kuldeep Singh has been trying to provide correct and accurate information to the readers on Local Haryana for the last 1 year.

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