Bank Holidays Alert! Get Ready for Closures Across India This Week (September 8-14)

As the week of September 8th to 14th approaches, it’s crucial for everyone to be aware of the upcoming bank holidays across various states in India. These closures, which include regional festivals and standard weekly offs, can impact your financial planning and transactions. To help you stay ahead, we’ve compiled a comprehensive guide to ensure you don’t get caught off guard.

The Reserve Bank of India (RBI) categorizes bank holidays into three main types: Holidays under the Negotiable Instruments Act, Holidays under the Negotiable Instruments Act and Real-Time Gross Settlement (RTGS) Holiday, and Bank’s Closing of Accounts.

While some holidays are observed nationwide, many are specific to certain states, reflecting the diverse cultural tapestry of India. ATMs and online banking services will, as always, remain available for your convenience during these periods.

Let’s take a closer look at the key dates and regions affected this week:

Sunday, September 8, 2024: Weekly Holiday

Like every Sunday, banks across India will remain closed for their weekly off.

Plan any urgent transactions for Saturday or the following weekdays.

Monday, September 9, 2024: Regional Celebrations

Several states will observe holidays for significant regional festivals:

• Haritalika Teej: Banks in states such as Uttar Pradesh, Rajasthan, and Uttarakhand are expected to be closed on this day, celebrating the auspicious festival of Teej with great fervor.
• Other regional holidays may apply based on local customs and government notifications.

Tuesday, September 10, 2024: Ganesh Chaturthi

One of the most widely celebrated festivals, Ganesh Chaturthi, will lead to bank closures in several states, particularly those with a large Marathi-speaking population:

• Ganesh Chaturthi: Banks in Maharashtra, Gujarat, Karnataka, Odisha, and other states celebrating the arrival of Lord Ganesha will be shut.

  This is a major holiday, so plan accordingly if you reside in these regions.

Wednesday, September 11, 2024: Nuakhai and Extended Celebrations

The festive spirit continues in some parts of the country:

• Nuakhai: Odisha will observe a bank holiday for Nuakhai, an important agricultural festival.
• Some states might also have extended closures or local holidays following Ganesh Chaturthi.

Thursday, September 12, 2024: Specific Regional Observances

A few states may have specific local or regional holidays on this day.

It is always advisable to check local bank advisories for precise information.

Friday, September 13, 2024: Potential Local Holidays

Depending on local government notifications, some regions might observe specific holidays. Always double-check with your local bank branch or official state holiday lists.

Saturday, September 14, 2024: Second Saturday

As per the standard banking schedule, the second Saturday of the month is a designated bank holiday.

All public and private sector banks across India will be closed on this day.

While physical bank branches will be closed on these dates, remember that digital banking services such as UPI, mobile banking, and internet banking will function as usual. ATMs will also be operational for cash withdrawals.

However, if you have any branch-dependent transactions, cash deposits, or cheque clearances, it is highly recommended to complete them on working days to avoid any last-minute hassle. Stay informed and manage your finances smartly!