With festivals similar to Diwali and Chhath Puja scheduled to be noticed in November, banks throughout the nation can be closed for a complete of 17 days subsequent month, together with on Sundays and second and fourth Saturdays. The holidays are noticed as per a listing launched by the Reserve Bank of India (RBI), which the central financial institution points underneath the next three classes: Holiday underneath Negotiable Instruments Act, Holiday underneath Negotiable Instruments Act and Real Time Gross Settlement Holiday, and Banks’ Closing of Accounts.
On notified holidays, all branches of banks remain closed. However, it’s to be famous that since sure festivals are particular solely to sure states, banks in solely these states remain closed, whereas others are purposeful. As per the RBI listing, all banks throughout the nation remain closed on Republic Day (January 26), Independence Day (August 15), Gandhi Jayanti (October 2), Christmas (December 25), and festivities similar to Diwali, Eid, Guru Nanak Jayanti, Good Friday and many others. Leaves on Sundays and second and fourth Saturdays are obligatory, as per the RBI.
In November, banks can be non-functional on the next days:
November 1: Kannada Rajyotsava/Kut (Bengaluru/Imphal)
November 3: Narak Chaturdashi (Bengaluru)
November 4: Diwali/(*17*) (Agartala, Ahmedabad, Aizawl, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Dehradun, Gangtok, Guwahati, Hyderabad, Imphal, Jaipur, Jammu, Kanpur, Kochi, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Panaji, Patna, Raipur, Ranchi, Shillong, Shimla, Srinagar and Thiruvananthapuram)
November 5: Diwali/Vikram Samwat New Year/Govardhan Pooja (Ahmedabad, Belapur, Bengaluru, Dehradun, Gangtok, Jaipur, Kanpur, Lucknow, Mumbai and Nagpur)
November 6: Bhai Dooj/Laxmi Puja/Ningol Chakkouba (Gangtok, Imphal, Kanpur, Lucknow and Shimla)
November 10: Chhath Puja (Patna, Ranchi)
November 11: Chhath Puja (Patna)
November 12: Wangala Festival (Shillong)
November 19: Guru Nanak Jayanti/Karthik Purnima (Aizawl, Belapur, Bhopal, Chandigarh, Dehradun, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Raipur, Ranchi, Shimla and Srinagar)
November 22: Kanakadasa Jayanthi (Bengaluru)
November 23: Seng Kutsnem (Shillong)
November 7, 14, 21 and 28: Sunday
November 13 and 27: Second and fourth Saturday