CALCULATE YOUR SIP RETURNS

Bank Holidays in October 2024 in India

03 October 20245 mins read by Angel One
There are several bank holidays in October 2024, including national and state-specific ones. Make note of these and plan your transactions considering bank holidays in October 2024.
Bank Holidays in October 2024 in India
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

Knowing bank holidays in October 2024 can help you plan your banking activities effectively and avoid last-minute hassles. Here is a list of bank holidays in October 2024, which could be helpful to plan your banking activities. 

Bank Holidays in October 2024

Date Day Holiday  State Closure
October 1 Tuesday General Elections to the State Legislative Assembly 2024 Jammu and Kashmir
October 2 Wednesday Mahatma Gandhi Jayanti/Mahalaya Amavasya Nationwide
October 3 Thursday Navratri Rajasthan
October 10 Thursday Durga Puja/Dussehra (Maha Saptami) West Bengal, Odisha, Sikkim, Tripura, Nagaland, Assam
October 11 Friday Dussehra/Durga Ashtami Sikkim, West Bengal, Odisha, Jharkhand, Andhra Pradesh, Telangana, Tripura, Manipur
October 12 Saturday Second Saturday/Dasara/Dussehra (Mahanavami/Vijayadashami)/Durga Puja (Dasain) Nationwide except for Puducherry and Manipur
October 14 Monday Durga Puja (Dasain) Sikkim
October 16 Wednesday Lakshmi Pooja Tripura, West Bengal
October 17 Thursday Maharshi Valmiki Jayanti/Kati Bihu Assam, Karnataka, Himachal Pradesh
October 26 Saturday Accession Day Jammu and Kashmir
October 31 Thursday Diwali (Deepavali)/Kali Puja/Sardar Vallabhbhai Patel’s Birthday/Naraka Chaturdashi Himachal Pradesh, Karnataka, Goa, Rajasthan, Bihar, Kerala, Mizoram, West Bengal, Chhattisgarh, Arunachal Pradesh, Uttar Pradesh, Assam, Tamil Nadu, New Delhi, Nagaland, Gujarat, Madhya Pradesh, Odisha, Andhra Pradesh and Telangana.

Apart from the specified bank holidays, it’s important to note that banks may observe additional holidays based on state government regulations and local festivals. Therefore, it’s advisable to check with your bank authorities or local branches for any specific holidays that may apply in your region.

All About Bank Holidays in India

Bank holidays in India can be classified into two main types: national holidays and government holidays. The country observes three national holidays: Republic Day, Independence Day, and Mahatma Gandhi Jayanti. On national holidays, also known as gazetted holidays, banks and financial institutions shut their operations nationwide.

Government holidays are further divided into state government bank holidays and central government bank holidays. While central government holidays are commonly observed across the country, state government holidays differ from one state to another. For instance, Maharashtra Day is a bank holiday in Maharashtra, Haryana Day in Haryana, etc. Additionally, each state in India has its own set of regional festivals and holidays, contributing to the diversity of the banking holiday calendar. 

Throughout the year, India has a wide range of banking holidays, which include national holidays, state-specific festivals, and significant observances. The Reserve Bank of India (RBI) designates certain holidays under the Negotiable Instruments Act, Real-Time Gross Settlement (RTGS) holidays, and the Banks’ Closing of Accounts. 

It is also important to note that banks are also closed on the second and fourth Saturdays of each month, along with Sundays, as part of the regular weekly holidays. On these designated holidays, banks suspend their operations, meaning physical banking services are not available.

However, modern digital banking solutions make it convenient to manage financial transactions during holidays. Online banking platforms, mobile apps, and digital payment methods like UPI, IMPS, and net banking remain accessible, allowing users to perform various financial tasks seamlessly.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

We're Live on WhatsApp! Join our channel for market insights & updates

Open Free Demat Account!

Enjoy ₹0 Account Opening Charges

Join our 2 Cr+ happy customers

+91
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy ₹0 Account Opening Charges

Get the link to download the App

Send App Link
Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Enjoy ₹0 Account Opening Charges