Saturday, 7th September 2024, marks the celebration of Ganesh Chaturthi across India. Due to this festival, banks in multiple states are closed today, impacting both public and private sectors. While it is the first Saturday of the month, a day when banks typically remain open, the Ganesh Chaturthi holiday has led to the closure of several bank branches in states where the festival holds major significance.
If you have any banking requirements today, it is highly advisable to check with your local bank branch in advance to avoid any inconvenience.
Main Points
- 1 States Where Banks Will Be Closed
- 2 Ganesh Chaturthi: Significance and Celebrations
- 3 Bank Holidays in September 2024
- 4 Here are some important bank holidays to note for September 2024:
- 5 Why It’s Important to Keep Track of Holidays
- 6 RBI’s September 2024 Bank Holiday List
- 7 Here’s a glance at the major bank holidays for the rest of September:
States Where Banks Will Be Closed
Owing to Ganesh Chaturthi, banks in Gujarat, Maharashtra, Karnataka, Odisha, Tamil Nadu, Andhra Pradesh, Telangana, and Goa will remain shut today. In the rest of the states, banks will operate as usual.
Ganesh Chaturthi: Significance and Celebrations
Ganesh Chaturthi, also known as Vinayaka Chaturthi, is a major Hindu festival dedicated to Lord Ganesha. On this day, devotees install Ganesha idols in their homes and public pandals, offering prayers and performing rituals to honor the deity. The celebrations usually last for 10 days, with large processions and cultural events taking place across various regions, especially in Maharashtra and southern states.
With its cultural and religious importance, the festival often leads to public holidays in states where the celebrations are widespread, affecting the working schedules of government offices, schools, and even private sectors, including banks.
Bank Holidays in September 2024
Apart from Ganesh Chaturthi, banks in various parts of the country will remain closed on multiple days due to regional and national holidays. In total, there are 15 days in September when banks will not be functioning due to festivals and special occasions.
Here are some important bank holidays to note for September 2024:
- 14th September (Second Saturday): Karma Puja/First Onam – Banks across the country will be closed.
- 16th September (Monday): Id-E-Milad – Banks will be closed in states like Gujarat, Mizoram, Maharashtra, Karnataka, Tamil Nadu, Andhra Pradesh, Telangana, Manipur, and Jammu.
- 17th September (Tuesday): Indrajatra/Id-E-Milad – Bank branches in Sikkim and Chhattisgarh will be closed.
- 18th September (Wednesday): Pang-Lhabsol – Sikkim will see a bank holiday.
- 20th September (Friday): The day after Id-E-Milad-Un-Nabi – Banks in Jammu and Srinagar will be closed.
- 21st September (Saturday): Sri Narayana Guru Samadhi – Banks will be closed in Kerala.
- 23rd September (Monday): Maharaja Hari Singh Ji’s Birthday – Banks in Jammu and Srinagar will remain shut.
Why It’s Important to Keep Track of Holidays
Due to the numerous local holidays in different states, it is recommended that customers stay informed about the specific days their banks will be closed. This is especially crucial for individuals who need to conduct time-sensitive transactions, such as bill payments, loan applications, or other financial activities that require branch visits.
While most banking services, like fund transfers, can still be conducted via online and mobile banking platforms, services that require physical presence, such as cheque clearing or demand draft issuance, will be unavailable on these holidays.
RBI’s September 2024 Bank Holiday List
The Reserve Bank of India (RBI) has released a list of holidays for banks across different regions in September. Based on this, customers can plan their visits and transactions accordingly. The holiday list for different states includes festivals such as Srimanta Sankardeva’s Tirobhav Tithi, Karma Puja, First Onam, Milad-Un-Nabi, Indrajatra, and Maharaja Hari Singh Ji’s Birthday.
Here’s a glance at the major bank holidays for the rest of September:
- 14th September (Saturday): Karma Puja/First Onam – A countrywide bank holiday.
- 16th September (Monday): Milad-Un-Nabi will affect bank operations in Gujarat, Maharashtra, Karnataka, and other states.
- 18th September (Wednesday): Pang-Lhabsol – Bank branches in Sikkim will be closed.
- 20th September (Friday): The day following Milad-Un-Nabi – Banks in Jammu will observe a holiday.
- 21st September (Saturday): Sri Narayana Guru Samadhi Day – Banks in Kerala will remain closed.
- 23rd September (Monday): Maharaja Hari Singh Ji’s Birthday – A significant bank holiday in Jammu and Srinagar.
