This year, Diwali celebrations occur on October 31 and November 1, leading to bank closures in various regions on one or both days, based on local customs and regulations.
Diwali 2024: Bank Holiday on November 1 (Friday)
Banks will be closed on November 1 in states like Tripura, Karnataka, Uttarakhand, Jammu & Kashmir, Maharashtra, Meghalaya, Sikkim, and Manipur due to the observance of Deepavali, Kut, and Kannada Rajyotsava.
This year, Diwali celebrations occur on October 31 and November 1, leading to bank closures in various regions on one or both days, based on local customs and regulations.
Diwali 2024: Bank Holiday on November 1 (Friday)
Banks will be closed on November 1 in states like Tripura, Karnataka, Uttarakhand, Jammu & Kashmir, Maharashtra, Meghalaya, Sikkim, and Manipur due to the observance of Deepavali, Kut, and Kannada Rajyotsava.
Bank Holiday on November 2
On November 2, banks in Gujarat, Maharashtra, Karnataka, Rajasthan, Sikkim, Uttarakhand, Uttar Pradesh, and other states will also be closed for Diwali, Laxmi Puja, and Govardhan Pooja. It’s important to note that this date coincides with the first Saturday of the month, which is typically not a holiday.
Bank Holiday on November 3
Additionally, on November 3, banks across all Indian states and union territories will be closed for Sunday.
The Diwali festivities kicked off with Dhanteras on October 29 and will wrap up with Bhai Dooj on November 3.
In celebration of the Diwali 2024 festival, trading activities at the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will be closed today. As a result, there will be no trading in the Equity Segment, Equity Derivative Segment, or SLB Segment. Additionally, trading in the Currency Derivatives Segment will also be suspended for the Festival of Lights. However, a one-hour Muhurat Trading session will be on Friday from 6:00 PM to 7:00 PM.
The Reserve Bank of India (RBI) has published the bank holiday schedule for November 2024. Banks will be closed this month for 12 days due to various regional festivals, events, and observances, which may differ by location. The list includes all Sundays as well as the second and fourth Saturdays. It’s a good idea to consult this schedule to plan your visits accordingly.
