It is famous about India that it is a country of festivals. There is hardly any month when some big festival is not celebrated in some part of India. October is anyway known as the festive season. The festive season usually starts from this month. Let us know on which special occasions the banks will remain closed.
According to the list of Reserve Bank (RBI), banks are going to remain closed on Wednesday i.e. October 16, 2024. These include public and private sector banks. The reason for this is the festival of Lakshmi Puja on October 16. All banks will remain closed in Kolkata and Tripura on this day. However, banks in the rest of the country will function like normal days.
Laxmi pujan will be held in Kolkata on Wednesday
The festival of Lakshmi Pujan holds great importance in West Bengal. It is celebrated with great pomp every year. This festival comes a few days after Durga Puja. It is dedicated to Lakshmi, the goddess of wealth, prosperity and good fortune. On this day people decorate their houses and shops.
People especially worship Goddess Lakshmi and ask for happiness and prosperity from her. On this occasion, a grand Lakshmi Puja is organized in Kolkata. The festival is also celebrated with great grandeur in Agartala. This is the reason why banks will remain closed on 16 October 2024 in Kolkata.
Major Banking Holidays in October 2024
- October 16: Laxmi Pujan (Wednesday) Kolkata, Agartala
- October 17, 2024 (Thursday): Maharishi Valmiki Jayanti/Kati Bihu – Celebrated in states like Karnataka, Assam and Himachal Pradesh.
- October 26, 2024 (Saturday): Accession Day – observed in Jammu and Kashmir.
- October 31, 2024 (Thursday): Diwali (Deepawali) – Major festival celebrated across the country.
Also, all government and private banks will remain closed on the second and fourth Saturdays (October 12 and 26) as well as every Sunday of the month.
Bank holidays according to states
October is a very important month for festivals. This month, different states will celebrate certain festivals, due to which banks will remain closed. For example, Assam will celebrate Kati Bihu on October 17, while Jammu and Kashmir will celebrate Accession Day on October 26. Many states have already celebrated Durga Puja and Dussehra on different dates in the second week of October.
How transactions are done on holidays
Banking regulator RBI oversees the holiday schedule. On the holidays listed by RBI, you cannot go to a physical bank branch and do things like withdraw or deposit money. This applies to both public and private sector banks.
However, online and digital banking services are available. With their help, you can carry out transactions without any hassle.
