The Reserve Bank of India (RBI) has announced the bank holiday schedule for November 2024, revealing that banks will be closed for a total of 12 days across various states. This month features a mix of national and regional holidays, allowing customers to plan their banking activities accordingly. The holidays include Sundays and the second and fourth Saturdays, which are standard non-working days for banks.
Main Points
Overview of Bank Holidays in November 2024
Key Dates and Observances
- November 1 (Friday): Banks will be closed in several states including Tripura, Karnataka, Uttarakhand, Jammu & Kashmir, Maharashtra, Meghalaya, Sikkim, and Manipur due to the observance of Deepavali, Kut, and Kannada Rajyotsava.
- November 2 (Saturday): In states like Gujarat, Maharashtra, Karnataka, Rajasthan, Sikkim, Uttarakhand, and Uttar Pradesh, banks will observe closures for Diwali, Laxmi Puja, and Govardhan Pooja.
- November 3 (Sunday): All banks across India will be closed for Sunday.
- November 7 (Thursday): Banks will remain closed in states such as Bengal, Bihar, and Jharkhand for the celebration of the evening Arghya during the Chhath festival.
- November 8 (Friday): The morning Arghya of Chhath will see banks closed in states including Bihar, Jharkhand, and Meghalaya.
- November 9 (Saturday): This day marks the second Saturday of the month, leading to nationwide bank closures.
- November 10 (Sunday): Another Sunday closure for all banks.
- November 15 (Friday): Banks will be closed in various states for celebrations including Guru Nanak Jayanti, Karthika Purnima, and Rahas Purnima. Affected states include Mizoram, Maharashtra, Madhya Pradesh, Odisha, Chandigarh, Uttarakhand, Telangana, Arunachal Pradesh, Rajasthan, Jammu, Uttar Pradesh, Nagaland, Bengal, New Delhi, Chhattisgarh, Jharkhand, Himachal Pradesh, and Srinagar.
- November 17 (Sunday): All banks will again be closed for Sunday.
- November 18 (Monday): In Karnataka, banks will observe a holiday for Kanakadasa Jayanti.
- November 23 (Saturday): Banks in Meghalaya will close for the festival of Seng Kutsnem; this is also the fourth Saturday of the month.
- November 24 (Sunday): Another Sunday closure across all Indian states and Union Territories (UTs).
State-wise Breakdown
The RBI’s categorization of holidays includes those under the Negotiable Instruments Act and other regional observances. Here’s a detailed look at holidays by state:
| Date | Day | Holiday Details | States Affected |
|---|---|---|---|
| November 1 | Friday | Deepavali/Kut/Kannada Rajyotsava | Tripura, Karnataka, Uttarakhand, Jammu & Kashmir |
| November 2 | Saturday | Diwali/Laxmi Puja/Govardhan Pooja | Gujarat, Maharashtra, Karnataka |
| November 3 | Sunday | Weekly closure | All states |
| November 7 | Thursday | Chhath Evening Arghya | Bengal, Bihar, Jharkhand |
| November 8 | Friday | Chhath Morning Arghya/Wangala Festival | Bihar, Jharkhand, Meghalaya |
| November 9 | Saturday | Second Saturday | Nationwide |
| November 10 | Sunday | Weekly closure | All states |
| November 15 | Friday | Guru Nanak Jayanti/Karthika Purnima/Rahas Purnima | Various states |
| November 17 | Sunday | Weekly closure | All states |
| November 18 | Monday | Kanakadasa Jayanti | Karnataka |
| November 23 | Saturday | Seng Kutsnem | Meghalaya |
| November 24 | Sunday | Weekly closure | All states |
Importance of Checking Local Schedules
Customers are advised to check with their local bank branches regarding specific holiday schedules as these can vary significantly between states. While online banking services remain available during holidays for transactions like fund transfers or bill payments through mobile apps and ATMs, it is prudent to plan visits accordingly to avoid any inconveniences.
Conclusion
With a busy month ahead filled with festivals and observances across India, understanding the bank holiday schedule is essential for effective financial planning. Customers should stay informed about their local bank’s specific closures to ensure smooth banking experiences throughout November.
