Bank Holidays: Banks will remain closed on these days, Details Inside

Banks to remain closed for a few days in the upcoming week across India.

According to the guidelines issued by the Reserve Bank Of India (RBI), Banks across India will be closed for six days in the coming week starting on Monday, October 18, 2021. Banks will be closed for 11 days, in the first half of October. On October 16, banks were closed in Sikkim, Gangtok on the occasion on Durga Puja while banks are shut across the country on October 17 as it is a Sunday.

There are 21 Bank Holidays in October in total.

The bank holidays during the week starts from October 18. On October 18 the banks will be closed in Assam, Guwahati because of Kati Bihu. On the occasion of Id-E-Milad on October 19 banks will be closed in New Delhi, Bhopal, Ahmedabad, Belapur, Chennai, Dehradun, Hyderabad, Imphal, Jammu, Kanpur, Kochi, Lucknow, Mumbai, Nagpur, Raipur, Ranchi, Srinagar and Thiruvananthapuram.

On October 20 the banks will be closed on the occasion of Valmiki Jayanti in Bengaluru, Chandigarh, Shimla, Kolkata and Agartala. Banks will be closed on October 22 in Jammu and Srinagar following Eid-i-Milad-ul-Nabi. October 23 is fourth saturday and October 24 is sunday hence the banks will remain closed these two days too.

The RBI places the holidays under three categories: holidays under Negotiable Instruments Act, holiday under Negotiable Instruments Act and Real-Time Gross Settlement Holiday and Banks Closing Of Accounts. In September, banks across the country were closed for a total of 12 days.