As October begins, it’s important to be aware of bank holidays that could affect your financial transactions. India, with its diverse culture, celebrates various festivals and national events, and many of these are observed with bank closures. Being informed about these dates will help you plan your banking activities such as fund transfers, withdrawals, and bill payments without any last-minute hassle.
Bank holidays in India vary by state due to regional festivals and observances. October 2024 has several important holidays, and knowing when banks will be closed can save you from unnecessary delays.
Key Bank Holidays in October 2024:
- October 2, 2024 – Mahatma Gandhi Jayanti/Mahalaya Amavasye (All States)
- Banks will be closed across India as the country celebrates Mahatma Gandhi’s birthday. This day also marks Mahalaya Amavasye, marking the beginning of Durga Puja festivities in many regions.
- October 12, 2024 – Dasara/Dussehra (Mahanavami/Vijayadashami)/Second Saturday (All States)
- This day celebrates the triumph of good over evil, and being the second Saturday of the month, banks across all states will remain closed.
- October 17, 2024 – Maharshi Valmiki Jayanti/Kati Bihu (Bengaluru, Guwahati, Shimla)
- Maharshi Valmiki Jayanti is observed in Bengaluru and Shimla, while Kati Bihu, a harvest festival, is celebrated in Guwahati. Banks in these regions will be closed for the day.
- October 26, 2024 – Fourth Saturday/Accession Day (All States)
- In addition to being a regular bank holiday, Jammu and Kashmir will observe Accession Day, commemorating the state’s accession to India.
- October 31, 2024 – Diwali (Deepavali)/Kali Puja/Naraka Chaturdashi (Multiple States)
- One of the most widely celebrated festivals in India, Diwali, coincides with Kali Puja in Kolkata and marks the birth anniversary of Sardar Vallabhbhai Patel. Banks will be closed in most states.
Being aware of these holidays can help you plan your financial activities and avoid any disruptions. Keep these dates in mind as you go about your transactions in October 2024.
