Bank holidays in October 2021: Banks will be close for 21 days
Bank Holidays: All private and public sector banks will remain closed for 21 days in this October 2021 month, including second and fourth Saturdays, and Sundays, as per the Reserve Bank of India (RBI) holiday calendar. October 2021 bank holidays are die to Gandhi Jayanti, Durga Puja, Navami Puja, Dussehra, and other major regional festivals.
Banks in India are closed on the 2nd Saturday, the 4th Saturday, and all Sundays of the month. This month, all private and public sector banks will remain closed for a total of 21 days. Except for a few days, most holidays this month are only applicable for a handful of cities. As per RBI’s Bank Holiday 2021 list, out of the 21 holidays in October, only 14 are festival holidays, and the rest seven are weekend leaves.
In other words, all banks remain shut on public holidays while certain holidays vary from state to state. The Reserve Bank of India (RBI) has placed the holidays under three brackets- Holiday under Negotiable Instruments Act; Holiday under Negotiable Instruments Act and Real-Time Gross Settlement (RTGS) Holiday; and Banks’ Closing of Accounts.
Full List of Bank Holidays in October 2021:
October 1 Half Yearly Closing of Bank Accounts
October 2 Mahatma Gandhi Jayanti
October 3 Sunday
October 6 Mahalaya Amavasye
October 7 Mera Chaoren Houba of Lainingthou Sanamahi (imphal)
October 9 2nd Saturday
October 10 Sunday
October 12 Durga Puja (Maha Saptami)
October 13 Durga Puja (Maha Ashtami)
October 14 Durga Puja/Dussehra (Maha Navami
October 15 Durga Puja/Dasara/Dusshera (Vijaya Dashmi)
October 16 Durga Puja (Dasain)
October 17 Sunday
October 18 Kati Bihu (Guwahati)
October 19 Id E Milad
October 20 Valmiki’s Birthday /Lakshmi Puja/Id E Milad
October 22 Friday following Eid i Milad ul Nabi (Jammu, Srinagar)
October 23 4th Saturday
October 24 Sunday
October 26 Accession Day (Jammu, Srinagar)
October 31 Sunday
While the bank branches will remain closed on these days, mobile and internet banking will remain functional as usual. Customers can make transactions through online modes.
However, not all states observe bank holidays, and it largely depends on the state or region. Therefore, national holidays are applicable to all the states in India but regional holidays are applicable only to specific states. It is recommended that bank account holders schedule their transactions accordingly.
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