Banks on Holiday Spree in the Month of October

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Banks may remain closed for 21 days in October, see full list of holidays here

The coming month i.e. October will be full of festivals and celebrations all over India. Many private and public sector banks will remain closed next month due to additional bank holidays. Banks will remain closed for a total of 21 days in the month of October including the second and fourth Saturdays and Sundays in October. The Reserve Bank of India (RBI) has some guidelines to keep banks closed on all public holidays with some regional holidays depending on the particular state. Explain that the state governments of the respective states fix regional holidays.

Bank holidays have been divided by RBI into three categories – holidays under the Negotiable Instruments Act, holidays under the Negotiable Instruments Act and real-time gross settlement holidays and Bank of Accounts. According to this, there are a total of 21 bank holidays in the month of October and the first holiday starts from Gandhi Jayanti, which falls on 2 October 2021. Other big holidays are Durga Puja and Dussehra on October 15, which apply to all banks.

Following is the list of Bank Holidays for the month of October 2021-

October 1: Half yearly closure of bank accounts (Gangtok)

2 October: Mahatma Gandhi Jayanti (All States)

October 3: Sunday

6 October: Mahalaya Amavasye (Agartala, Bangalore, Kolkata)

7 October: Mera Chauren Hauba of Lanningthou Sanmahi (Imphal)

October 9: Second Saturday

October 10: Sunday

12 October: Durga Puja (Maha Saptami) / (Agartala, Kolkata)

13 October: Durga Puja (Maha Ashtami) / (Agartala, Bhubaneshwar, Gangtok, Guwahati, Imphal, Kolkata, Patna, Ranchi)

14 October: Durga Puja / Dussehra (Maha Navami) / Ayu Puja (Agartala, Bengaluru, Chennai, Gangtok, Guwahati, Kanpur, Kochi, Kolkata, Lucknow, Patna, Ranchi, Shillong, Srinagar, Thiruvananthapuram)

15 October: Durga Puja/Dussehra/Dussehra (Vijaya Dashami)/(All banks except Imphal and Shimla)

16 October: Durga Puja (Dasain) / (Gangtok)

October 17: Sunday

18 October: Kati Bihu (Gohati)

19 October: Eid-e-Milad/Eid-e-Mildunnabi/Milad-e-Sharif (Birthday of Prophet Mohammad)/Barawafat/(Ahmedabad, Belapur, Bhopal, Chennai, Dehradun, Hyderabad, Imphal, Jammu, Kanpur, Kochi, Lucknow , Mumbai, Nagpur, New Delhi, Raipur, Ranchi, Srinagar, Thiruvananthapuram)

October 20: Birthday of Maharishi Valmiki/Lakshmi Puja/Eid-e-Milad (Agartala, Bengaluru, Chandigarh, Kolkata, Shimla)

22 October: Friday after Eid-e-Milad-ul-Nabi (Jammu, Srinagar)

23 October: Fourth Saturday

October 24: Sunday

26 October: Accession Day (Jammu, Srinagar)

October 31: Sunday

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