Bank Holidays October: Banks To Remain Closed For 16 Days, Check State-Wise Holiday List

Bank Holidays in October 2023: During the month of October, banks are scheduled to remain closed for a total of 16 days due to both national and regional holidays. From Durga Puja to Dussehra, October is the month we enter the session of festively. The banks will be closed all over the country during holidays like Durga Puja, Dussehra, and Gandhi Jayanti. In some states, banks will observe Sri Mahalaya, Kati Bihu, and Lakshmi Puja. Other holidays include all Sundays as well as the second and fourth Saturdays.

The Reserve Bank of India (RBI), India’s banking regulatory authority, publishes the annual bank holiday calendar for the entire year. Bank holidays in India encompass mandatory holidays prescribed by the banking sector, alongside additional holidays recognised by various states for festivals and special occasions. Further, in accordance with RBI guidelines, both public sector banks and private sector banks observe non-working days on Sundays and the second and fourth Saturdays of each month.

Here Is The State-Wise List Of Bank Holidays In October

Holidays are classified into three categories by the RBI, which include Holidays under the Negotiable Instruments Act, Real Time Gross Settlement Holidays, and Banks’ Closing of Accounts.

It is important to note that bank-related services will remain unaffected, ensuring convenience for the public, as essential services such as ATM operations, cash deposits, online banking, and mobile banking will continue to be available even on these holidays.