Bank holidays next week: Long weekend from Nov 7-10 with Chhath Puja, second Saturday & more… Check details here

Bank holidays next week: In India, bank holidays vary from state-to-state, so please check with your local branch for a confirmed holiday schedule for November 2024.

Jocelyn Fernandes
Updated3 Nov 2024, 08:17 AM IST
Bank holidays next week: Will banks be closed for Chhath Puja? In India, bank holidays vary across states, so you should check with your local branch for a holiday list or schedule.
Bank holidays next week: Will banks be closed for Chhath Puja? In India, bank holidays vary across states, so you should check with your local branch for a holiday list or schedule.(Mint)

Bank holidays next week: The Reserve Bank of India (RBI) has listed at least 12 holidays for November 2024, including religious festivals and regional events, Sundays, weekends, and other reasons. However, bank holidays across India differ from state to state and you should check with a local bank branch for their confirmed schedule or holiday list.

For next week, customers across multiple states will have to brace for a long weekend and four consecutive non-working days for banks. This is on account of Chhath Puja (November 7 and 8), second Saturday (November 9) and Sunday (November 10).

Also Read | Bank Holidays in 2024. Check the full list here

For Chhath, holidays are declared on November 7 in Bihar, Delhi, Jharkhand and West Bengal for Chhath Puja. While on November 8, banks will remain closed in Bihar, Jharkhand, and Meghalaya for Chhath related celebration of Morning Arghya and the Wangala Festival.

All public and private banks across India, including the State Bank of India (SBI) have every second and fourth Saturday of the month as a holiday.

For cash emergencies, all banks operate their online websites and mobile banking services apps regardless of weekend or other leaves — unless notified to users for particular reasons. You can also access any bank's ATMs for cash withdrawals.

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About Chhath Puja

Chhath is a Hindu festival celebrated in Bihar, Jharkhand, Uttar Pradesh and other regions. It occurs on the sixth day of the Kartik month as per the Hindu calendar, and is also known as Surya Shashti. The festival involves a four-day observance of ritual purity and fasting.

Chhath Puja is widely celebrated by natives of Bihar and eastern Uttar Pradesh (often dubbed ‘Purvanchalis’ after Diwali. Devotees — mostly women — worship the Sun god and perform the ritual of 'Arghya' standing in knee-deep water during the festival. It assumes special significance this year with assembly elections around the corner. 'Purvanchali' voters will decide the fate of several candidates during the February polls.

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Bank holidays in November 2024

  • November 3 ( Sunday): Banks across all Indian states and union territories (UTs) will be closed for Sunday.
  • November 7 ( Thursday): Banks will remain closed in a few states, including Bengal, Bihar and Jharkhand, on the occasion of Chhath (Evening Arghya).
  • November 8 ( Friday): Banks will remain closed in some states, such as Bihar, Jharkhand, and Meghalaya, on the occasion of the Chhath (Morning Arghya)/Wangala Festival.
  • November 9 ( Saturday): Second Saturday.
  • November 10 ( Sunday): Sunday.

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  • November 15 ( Friday): On the occasion of Guru Nanak Jayanti/Karthika Purnima/Rahas Purnima, banks will remain closed in some places, such as Mizoram, Maharashtra, Madhya Pradesh, Orissa, Chandigarh, Uttarakhand, Hyderabad—Telangana, Arunachal Pradesh, Rajasthan, Jammu, Uttar Pradesh, Nagaland, Bengal, New Delhi, Chhattisgarh, Jharkhand, Himachal Pradesh, and Srinagar.
  • November 17 ( Sunday): Sunday.
  • November 18 ( Monday): All the banks will remain closed in Karnataka on Kanakadasa Jayanti.
  • November 23 ( Saturday): In Meghalaya, banks will remain closed on the occasion of Seng Kutsnem. Also, November 23 is the fourth Saturday.
  • November 24 ( Sunday): Sunday

Also Read | Chhath Puja 2024: Know exact date, muhurat timings, significance & more

How Are Bank Holidays in India Decided?

The RBI and state governments create a list of holidays for banks, taking into account national and local occasions, operational requirements, religious celebrations and other cultural observances. The central bank makes the announcement through its official website and notifications to banks and other financial institutions.

All of the bank's annual holiday calendar is declared by the RBI under provisions of the Negotiable Instruments Act, which deals with the issuance of cheques and promissory notes. Transactions involving these instruments are thus not available during these listed holidays.

Bank holidays in India are categorized as: Negotiable Instruments Act Holidays, Real-Time Gross Settlement (RTGS) Holidays, and Account Closing Days.

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First Published:3 Nov 2024, 08:17 AM IST
Business NewsIndustryBankingBank holidays next week: Long weekend from Nov 7-10 with Chhath Puja, second Saturday & more… Check details here

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