Bank Holiday Today in Maharashtra for Assembly Elections: What You Need to Know

Maharashtra is on the move as votes for 2024 Assembly Elections are being cast in all 288 constituencies. To make casting of votes seamless, all banks in the state remain closed today - November 20 - as per the RBI holiday calendar.

If you were going to a bank branch today, it's important that you note all the banks in places like Mumbai, Belapur, Kanpur, or Nagpur are closed today. The bank holiday has coincided with the state's voting date for the General Assembly Elections.

Are Banks Open in Maharashtra Today?
The RBI has declared a bank holiday in the state of Maharashtra on account of the state assembly elections today, November 20, 2024. This means branches in cities like Mumbai, Nagpur, and Belapur will be shut.

However, with more people now relying on digital banking services, there's not much that cannot be done online. Customers can use net banking, UPI platforms, and mobile banking applications to undertake most transactions very easily.

Digital Banking Options On Holiday Being away from the physical bank branches, the customer can still:

Carry out online transactions through internet banking or mobile applications

• Withdraw cash using ATMs.
• Repay any amount via UPI (Unified Payment Interface) platforms instantly
• Open FD and RD via digital platforms. All such services ensure that even on holidays, no major financial activities get barred.

Maharashtra Assembly Elections 2024: Voting Will Be a Highly Groomed Process
Maharashtra Assembly Elections are in full swing, where 288 assembly seats are being decided by the votes. This Election is crucial for the management of state governance with heavyweight battles being held at key constituencies.

candidates who are strictly in the fray:

• Eknath Shinde - Current Chief Minister fights from Kopri-Pachpakhadi against Kedar Prakash Dighe of Shiv Sena (UBT).
• Devendra Fadnavis- Deputy CM will defend Nagpur South West against Prafulla Gudadhe of Congress.
• Ajit Pawar: NCP leader and Deputy CM, fighting to hold Baramati against Yungendra Pawar of NCP (SP).

Political alignment in Maharashtra has changed hands on many occasions. The Bharatiya Janata Party led Mahayuti alliance comprises the BJP, Shiv Sena (Shinde faction), and the Nationalist Congress Party (Ajit Pawar faction). On the other hand, the opposition Maha Vikas Aghadi consists of the Congress, Shiv Sena (UBT), and the NCP (Sharad Pawar faction).
 
Maharashtra Election Timeline in a Nutshell
The key winners in the 2019 elections were the BJP, which won 105 seats, Shiv Sena with 56 seats, and Congress with 44 seats. In 2014, BJP had shown more strength with 122 seats, Shiv Sena followed at 63, and Congress had 42 seats.

How Does the Bank Holiday Affec t You?
This bank holiday ensures employees and citizens can participate in voting without workplace obligations. While banking services at branches are paused, the digital ecosystem minimizes the inconvenience. Whether it’s paying bills, transferring funds, or investing, online options remain accessible.

Impact of Assembly Elections on Businesses and Public Life
A bank holiday on voting day says much about the elections themselves in public life. Many businesses would have to prepare beforehand for the banking services shutdown, especially if the industry relies on physical banking.

Citizens were informed to complete their urgent banking affairs by electronic means or schedule visitation of bank branches after election day.

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