Banks in India Close for Four Days Straight—Get Ready for a Festive Financial Break!
As the festive spirit of Diwali approaches, banks across India are gearing up for a much-anticipated four-day holiday! From October 31st to November 3rd, financial institutions will be closed, making it the perfect time for everyone to indulge in celebrations without worrying about banking tasks.
The Scoop on Bank Holidays
This year, Diwali falls on a Thursday, starting the holiday festivities with the worship of Goddess Kali and Naraka Chaturdashi. Following that, Friday is reserved for the grand Lakshmi Puja, coinciding with Karnataka Rajyotsava. The holiday spirit continues into the weekend with Bali Padyami and Govardhan Puja on Saturday and, of course, a relaxing Sunday to wrap it all up.
In total, the month of November will see 13 bank holidays nationwide, with 9 days specifically in Karnataka. This includes two Saturdays and four Sundays, giving everyone ample time to enjoy the festivities.
Here’s the Full Line-Up of Bank Holidays in November:
October 31 (Thursday): Kali Puja, Naraka Chaturdashi
November 1 (Friday): Diwali Lakshmi Puja, Karnataka Rajyotsava
November 2 (Saturday): Bali Padyami, Govardhan Puja, Vikram Samvat New Year
November 3 (Sunday): Holiday
And More Days Off Ahead:
November 7 (Thursday): Chhath Puja (holiday in Bihar)
November 8 (Friday): Wangala Festival (holiday in Meghalaya)
November 9 (Saturday): Second Saturday
November 10 (Sunday): Holiday
November 15 (Friday): Guru Nanak Jayanti, Kartika Purnima (holiday in many states)
November 17 (Sunday): Holiday
November 18 (Monday): Kanakadasa Jayanti (holiday in Karnataka)
November 22 (Friday): Labab Duchen (holiday in Sikkim)
November 23 (Saturday): Fourth Saturday
November 24 (Sunday): Holiday
Market Moves
Interestingly, the stock market will also take a breather on November 1st, although a short Muhurat trading session will occur in the evening between 7 PM and 8 PM.
Banking Without Borders
Fear not, dear citizens! Even though banks will be closed, banking activities won’t come to a standstill. Online banking services will still be accessible, ATMs will remain operational, and UPI payments will continue seamlessly, ensuring that your financial needs are met during the festive break.
