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The article provides information about bank closures on Saturday, October 12, 2024. It confirms that banks will be closed due to the second Saturday of the month, as per RBI guidelines. This is standard practice, and the article clarifies that both scheduled and non-scheduled banks will be closed on this day.
However, the article also highlights that some states will be observing holidays on Thursday and Friday, October 10 and 11, for the Dussehra festival. This means that banks in these states may be closed for a longer period than just the second Saturday, extending the holiday into the beginning of the week. The article specifically mentions that banks will be closed in Sikkim on October 14th for Durga Puja (Dasain), in Tripura and Bengal on October 16th for Lakshmi Puja, and in Karnataka, Assam, and Himachal Pradesh on October 17th for Maharshi Valmiki Jayanti/Kati Bihu.
In conclusion, banks will be closed on Saturday, October 12, 2024, due to the second Saturday rule. However, it is important to be aware that some states will observe holidays related to Dussehra, potentially leading to additional closures throughout the week. The article advises checking local news sources for any specific closures related to these festivities.
Source: Saturday bank holiday: Are banks open or closed this Saturday, October 12, 2024