November 2024 Bank Holidays: Check the Complete List of Dates When Banks Will Be Closed
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The Reserve Bank of India (RBI) has released the November 2024 bank holiday schedule, which includes a total of 12 closure days across India. These holidays account for significant regional festivals, national observances, and the regular Sunday and specific Saturday closures. Notably, November will see banks closed for Diwali, Chhath Puja, Guru Nanak Jayanti, and several other local festivities. However, it’s important to remember that bank holidays vary by state and region, and not all locations observe the same holidays. Checking the schedule below can help you plan visits and transactions in advance to avoid inconveniences.
November 2024 Bank Holidays Breakdown
November 1 (Friday):
Banks will be closed in certain states such as Tripura, Karnataka, Uttarakhand, Jammu & Kashmir, Maharashtra, Meghalaya, Sikkim, and Manipur. This day marks the observance of regional festivals including Deepavali, Kut, and Kannada Rajyotsava.
November 2 (Saturday):
In states including Gujarat, Maharashtra, Karnataka, Rajasthan, Sikkim, Uttarakhand, and Uttar Pradesh, banks will be closed for Diwali (Laxmi Puja) and Govardhan Pooja. However, it’s important to note that this is the first Saturday of the month, so other regions may have open banks.
November 3 (Sunday):
All banks across the country will be closed for the regular Sunday holiday.
November 7 (Thursday):
Banks will remain closed in certain states, including Bengal, Bihar, and Jharkhand, for the celebration of Chhath Puja (Evening Arghya).
November 8 (Friday):
This day marks another regional Chhath Puja celebration, where banks in states like Bihar, Jharkhand, and Meghalaya will be closed for Morning Arghya and the Wangala Festival.
November 9 (Saturday):
Being the second Saturday of the month, all banks across India will observe a holiday as per RBI guidelines.
November 10 (Sunday):
Banks will be closed in all Indian states for Sunday.
November 15 (Friday):
This day marks several important observances such as Guru Nanak Jayanti, Karthika Purnima, and Rahas Purnima. Banks will remain closed in several states, including Mizoram, Maharashtra, Madhya Pradesh, Odisha, Chandigarh, Uttarakhand, Telangana, Arunachal Pradesh, Rajasthan, Jammu, Uttar Pradesh, Nagaland, Bengal, Delhi, Chhattisgarh, Jharkhand, Himachal Pradesh, and Srinagar.
November 17 (Sunday):
Banks will be closed nationwide on this Sunday.
November 18 (Monday):
In Karnataka, banks will be closed in observance of Kanakadasa Jayanti.
November 23 (Saturday):
This is the fourth Saturday of November, and all banks in India will remain closed. Additionally, banks in Meghalaya will observe the Seng Kutsnem festival, which is a regional holiday.
November 24 (Sunday):
Banks will again be closed in all regions due to the Sunday holiday.
Types of Bank Holidays
The RBI categorizes bank holidays into three types to help regulate the banking system effectively:
- Holidays under the Negotiable Instruments Act: These holidays cover the majority of national and regional festivals where banks are fully closed.
- Real Time Gross Settlement (RTGS) Holidays: These holidays affect interbank settlements and transactions conducted through RTGS.
- Banks’ Closing of Accounts: This type of holiday is specifically for closing and balancing financial accounts, typically at the end of the fiscal year.
Key Takeaways
November’s bank holidays are diverse, reflecting the rich cultural and religious celebrations across India. With Diwali, Chhath Puja, and Guru Nanak Jayanti as prominent highlights, it’s advised that individuals and businesses plan their banking needs around these dates. The holiday list also underscores the importance of checking specific closures in each state, as many holidays are not uniformly observed across the nation.
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