Banks across India would be closed for about 16 days in October, 2023, national and region specific. This includes the weekend holidays, i.e., the second and fourth Saturdays and all Sundays.
October will see some significant festivals across India like Mahatma Gandhi Jayanti, Durga Puja, Lakshmi Puja, Dussehra, Kati Bihu and much more! The month will see a total of 16 bank holidays, national and region specific.
Internet banking services will continue to be operational during these days. ATM service will also be available. Some of the holidays in the list are specific to certain states only or regional holidays while few are designated as public holidays.
According to the Reserve Bank of India, the three kinds of bank holidays are designated as: Holiday under Negotiable Instruments Act, Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday and Banks’ Closing of Accounts.
The RBI had issued the list of holidays for 2023 in its annual list. According to this, all public and private sector banks across India will remain closed for up to 16 days in October, 2023, including the weekend leaves. However, we must note that the banks will not be closed for 16 days in all states or regions.
Here is the full list (from 1st October) :
October 2: Mahatma Gandhi Jayanti
October 14: Mahalaya (Second Saturday)
October 18: Kati Bihu
October 21: Durga Puja (Maha Saptami)
October 23: Dusshera (Mahanavami)/Ayudha Pooja/Durga Puja/Vijaya Dasami
October 24: Dussehra/Dusshera (Vijaya Dashmi)/Durga Puja
October 25: Durga Puja (Dasain)
October 26: Durga Puja (Dasain)/Accession Day
October 27: Durga Puja (Dasain)
October 28: Lakshmi Puja (Fourth Saturday)
October 31: Sardar Vallabhbhai Patel’s Birthday
Apart from this list, as per the Holiday Under Negotiable Instruments Act, the banks will also remain closed on some of the days of the weekends. These are mentioned below:
October 1: Sunday
October 8: Sunday
October 14: Second Saturday
October 15: Sunday
October 22: Sunday
October 28: Fourth Saturday
October 29: Sunday
