The Reserve Bank of India (RBI) has announced the bank holiday schedule for November 2024, highlighting a total of 12 non-working days for banks across the nation. These holidays, driven by regional festivals and events, differ by location and include all Sundays plus the second and fourth Saturdays of the month. For precise planning, stakeholders are advised to confirm these dates locally.
On Friday, November 1, banks in specific states like Tripura, Karnataka, and Maharashtra will close in celebration of Deepavali and Kannada Rajyotsava. While November 2 falls on a regular working day as it is the first Saturday, banks in states such as Gujarat and Rajasthan will observe Diwali and Govardhan Pooja.
Standard closures will occur nationwide on Sundays: November 3, 10, 17, and 24. Specific observances on other dates include:
– November 7: Select banks in Bengal, Bihar, and Jharkhand will close for Chhath (Evening Arghya).
– November 8: Some banks in Bihar and Meghalaya will observe Chhath (Morning Arghya) and Wangala Festival.
– November 9: Second Saturday, a regular bank holiday.
– November 15: Observance of Guru Nanak Jayanti in diverse states including New Delhi and Rajasthan.
– November 18: Kanakadasa Jayanti affecting banks in Karnataka.
– November 23: Meghalaya banks will be closed for Seng Kutsnem on the fourth Saturday.
The RBI segregates holidays into categories: the Negotiable Instruments Act, Real Time Gross Settlement Holidays, and Banks’ Closing of Accounts. For those requiring banking services, it is prudent to cross-reference these dates with your local banks to ensure smooth financial operations throughout November.
Original Story https://www.livemint.com/industry/banking/bank-holidays-in-november-2024-banks-to-remain-closed-on-these-days-full-list-here-11730341488662.html
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