Are Banks and the Stock Market (NSE and BSE) Open on October 23? Check Full Details

Banks across several states in India are closed today, October 23, 2025, on account of Bhai Bij (Bhaidooj) and Chitragupt Jayanti. According to the Reserve Bank of India’s (RBI) official holiday calendar for October, banks will remain closed in Gujarat, Nagaland, Sikkim, Uttar Pradesh, West Bengal, and Himachal Pradesh.

These closures are observed under the Negotiable Instruments Act, meaning over-the-counter services and cheque clearances will not be available in these states. However, online and digital banking services such as UPI, mobile banking, and net banking remain fully operational.

Banks Open in Other States

Apart from the states mentioned above, banks in other parts of India will function as usual on Thursday. Most banks, including SBI, Bank of India, and PNB, typically operate between 10:00 AM and 4:00 PM, while private lenders such as HDFC Bank, ICICI Bank, Axis Bank, and Kotak Mahindra Bank follow timings between 9:30 AM and 4:30 PM (depending on the branch).

Upcoming Bank Holidays in October

Here’s a quick look at the upcoming bank holidays for the month:

• October 27 (Monday): Chhath Puja (Evening Puja) – Holiday in Bihar, Jharkhand, and West Bengal
• October 28 (Tuesday): Chhath Puja (Morning Puja) – Holiday in Bihar and Jharkhand
• October 31 (Friday): Sardar Vallabhbhai Patel’s Birthday – Holiday in Gujarat only

Stock Market (NSE and BSE) Update: Markets Reopen Today

While banks in some states remain shut, the BSE and NSE are open for trading today, October 23, after remaining closed for 2 consecutive days for the Diwali festival (October 21 and 22). All segments, including equity, derivatives, commodities, and currency markets, will function normally.

Read More, Upcoming Bank Holidays in October 2025: Full List of State-Wise Closures as per RBI! 

Conclusion

On October 23, 2025, banks are closed only in select states for Bhaidooj and Chitragupt Jayanti, but stock markets are open across the country. Investors can continue trading as usual, while bank customers can rely on digital banking services for seamless transactions during the holiday.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.