Banks will remain closed for five days this week and if you are planning to visit the bank branches in this week then you should take into account these holidays in order to avoid inconveniences.

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It is to be noted that the holidays for banks are notified by the Reserve Bank of India (RBI) under three categories -  the Negotiable Instruments Act, Holiday, Real Time Gross Settlement Holiday and Banks’ Closing of Accounts. All banks including the public sector, private sector, foreign banks, cooperative banks and regional banks will remain closed on these notified holidays.

According to the RBI list, all banks remain closed on Republic Day (January 26), Independence Day (August 15), Gandhi Jayanti (October 2) and Christmas (December 25). Banks also remain shut on Diwali, Christmas, Eid, Guru Nanak Jayanthi, Good Friday. Banks also remain closed on the second and fourth Saturdays of every month. The RBI has also made it mandatory for all banks to remain closed on Sundays.

Notably, bank holidays also vary from one state to another.

Full list of bank holidays in October, starting from October 19, 2021:

1) October 19 – Id-E-Milad/Eid-e-Miladunnabi/Milad-i-Sherif (Prophet Mohammad’s Birthday)/Baravafat / (Ahmedabad, Belapur, Bhopal, Chennai, Dehradun, Hyderabad, Imphal, Jammu, Kanpur, Kochi, Lucknow, Mumbai, Nagpur, New Delhi, Raipur, Ranchi, Srinagar, Thiruvananthapuram)

2) October 20 – Maharishi Valmiki’s Birthday/Lakshmi Puja/Id-E-Milad (Agartala, Bengaluru, Chandigarh, Kolkata, Shimla)

3) October 22 – Friday following Eid-i-Milad-ul-Nabi (Jammu, Srinagar)

4) October 23 – 4th Saturday

5) October 24 – Sunday

6) October 26 – Accession Day (Jammu, Srinagar)

7) October 31 - Sunday