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The Reserve Bank of India (RBI) has announced the bank holiday schedule for October 2024, outlining 15 days of closure for banks across the country. This extensive holiday period encompasses several significant public and regional observances, including festivals like Durga Puja, Dussehra, and Diwali, along with national holidays such as Mahatma Gandhi Jayanti. Additionally, banks will remain closed on regular Sundays and the second and fourth Saturdays of the month.
It is crucial to note that the holiday schedule is subject to variation based on state, with individual regions adhering to their specific festivals and celebrations. Customers are advised to consult the official RBI website for a comprehensive and accurate list of bank holidays applicable to their particular state. This step is essential to avoid any inconvenience or unexpected closure during planned visits to bank branches.
While bank branches will be inaccessible during these holiday periods, customers can rest assured that essential banking services remain readily available through alternative channels. Online banking, UPI payments, and mobile applications continue to function uninterrupted throughout the closures. This ensures continuous access to crucial financial services, minimizing any disruption to banking activities.
The October 2024 bank holiday schedule, as announced by the RBI, outlines the following closure dates: October 1 (Assembly elections in Jammu and Kashmir), October 2 (Mahatma Gandhi Jayanti), October 3 (Shardiya Navratri and Maharaja Agrasen Jayanti), October 6 (Sunday), October 10 (Maha Saptami), October 11 (Mahanavami), October 12 (Dussehra and second Saturday), October 13 (Sunday), October 14 (Durga Puja (Dasin) and Dussehra in Gangtok), October 16 (Laxmi Puja (Agartala, Kolkata)), October 17 (Maharishi Valmiki Jayanti), October 20 (Sunday), October 26 (Accession Day (Jammu and Kashmir) and Fourth Saturday), October 27 (Sunday), and October 31 (Diwali (Deepavali)/Kali Puja/Sardar Vallabhbhai Patel's Birthday/Naraka Chaturdashi).
The RBI meticulously compiles the holiday schedule for every month, categorizing the closures into three distinct classifications: the Negotiable Instruments Act, Holiday, Real Time Gross Settlement Holiday, and Banks' Closing of Accounts. This structured approach ensures transparency and clarity regarding bank closures and their associated legal framework.
Source: October Bank Holidays 2024: Banks To Remain Closed For 15 Days, See Full List