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Bank holidays vary by state, except for national holidays. In addition, banks are closed on Sundays, the second Saturday, and the fourth Sunday, in accordance with RBI guidelines.
Are banks open or closed this Saturday, October 19?
Banks will be open this Saturday, October 19th, as it is the third Saturday of the month. According to RBI regulations, the first, third, and fifth Saturdays of some months are working days unless notified otherwise by the RBI.
October bank holidays
Banks will be closed for 15 days in October in various states due to various state-specific festivals. Banks will be closed in October 2024 on the occasion of General Elections to the State Legislative Assembly 2024, Mahatma Gandhi Jayanti/Mahalaya Amavasye, Navratra Sthapna, Durga Puja/Dussehra (Maha Saptami), Dusshera (Mahashtami/Mahanavami)/Ayudha Pooja/Durga Puja/Durga Ashtami, Dasara/Dussehra (Mahanavami/Vijayadashmi)/Durga Puja (Dasain), Durga Puja (Dasain), Lakshmi Puja, Maharshi Valmiki Jayanti/Kati Bihu, Accession Day, Diwali (Deepavali)/Kali Puja/Sardar Vallabhbhai Patel’s Birthday/ Naraka Chaturdashi.October 2024 bank holidays: Banks closed for 15 days in October; check full state-wise holiday list
Upcoming bank holidays
- Accession Day- October 26- Banks are closed in Jammu and Srinagar
- Diwali (Deepavali)/Kali Puja/Sardar Vallabhbhai Patel’s Birthday/Naraka Chaturdashi- Banks are closed in most of the states except Tripura, Maharashtra, Uttarakhand, Sikkim, Manipur, Meghalaya.
October bank holidays 2024
| Oct-24 | 1 | 2 | 3 | 10 | 11 | 12 | 14 | 15 | 16 | 17 | 24 | 26 | 31 |
| Agartala | • | • | • | • | • | ||||||||
| Ahmedabad | • | • | |||||||||||
| Aizawl | • | • | |||||||||||
| Belapur | • | • | |||||||||||
| Bengaluru | • | • | • | • | |||||||||
| Bhopal | • | • | • | ||||||||||
| Bhubaneswar | • | • | • | • | |||||||||
| Chandigarh | • | • | • | • | |||||||||
| Chennai | • | • | • | • | |||||||||
| Dehradun | • | • | |||||||||||
| Gangtok | • | • | • | • | • | ||||||||
| Guwahati | • | • | • | • | • | • | |||||||
| Hyderabad – Andhra Pradesh | • | • | • | ||||||||||
| Hyderabad – Telangana | • | • | • | ||||||||||
| Imphal | • | • | |||||||||||
| Itanagar | • | • | • | • | |||||||||
| Jaipur | • | • | • | • | |||||||||
| Jammu | • | • | • | • | |||||||||
| Kanpur | • | • | • | • | |||||||||
| Kochi | • | • | • | • | |||||||||
| Kohima | • | • | • | • | |||||||||
| Kolkata | • | • | • | • | • | • | |||||||
| Lucknow | • | • | • | • | |||||||||
| Mumbai | • | • | |||||||||||
| Nagpur | • | • | |||||||||||
| New Delhi | • | • | • | • | |||||||||
| Panaji | • | • | • | ||||||||||
| Patna | • | • | • | • | |||||||||
| Raipur | • | • | • | ||||||||||
| Ranchi | • | • | • | • | |||||||||
| Shillong | • | • | • | ||||||||||
| Shimla | • | • | • | • | |||||||||
| Srinagar | • | • | • | ||||||||||
| Thiruvananthapuram | • | • | • | • |
| Holiday Description | Day |
| General Elections to the State Legislative Assembly 2024 | 1 |
| Mahatma Gandhi Jayanti/Mahalaya Amavasye | 2 |
| Navratra Sthapna/Maharaja Agrasen Jayanti | 3 |
| Durga Puja/Dussehra (Maha Saptami) | 10 |
| Dusshera (Mahashtami/Mahanavami)/Ayudha Pooja/Durga Puja (Dasain)/Durga Ashtami | 11 |
| Dasara/Dussehra (Mahanavami/Vijayadashmi)/Durga Puja (Dasain) | 12 |
| Durga Puja (Dasain) | 14 |
| Durga Puja (Dasain) | 15 |
| Lakshmi Puja | 16 |
| Maharshi Valmiki Jayanti/Kati Bihu | 17 |
| *The office of Reserve Bank of India, New Delhi will close at 1400 hours on October 24, 2024 (Thursday) | 24 |
| Accession Day | 26 |
| Diwali (Deepavali)/Kali Puja/Sardar Vallabhbhai Patel’s Birthday/Naraka Chaturdashi | 31 |
Source: RBI website
Digital banking
Digital banking has several benefits, one of which is its 24/7 accessibility. Digital banking eliminates the inconvenient situation where traditional banking hours conflict with people’s hectic schedules.
Using digital banking, customers can use computers or mobile phones to access their accounts and make transactions anywhere at any time. With digital banking, busy consumers can effortlessly handle their accounts even at odd hours, whether for bill payment, account balance checks, credit card applications, or fund transfers.
Digital banking also has the risk of fraud, that are a constant threat attempting to get confidential information.
Below are some methods, according to the Bank of Baroda website.
- Vishing: Sharing financial information under the pretext of KYC upgradation, unblocking account, SIM card, debit/ credit card.
- Phishing: Spoofed emails/SMS, designed in such a way that customers think it is from the bank.
- Remote Access: Customers unknowingly download an application on their mobile/computer giving access to customer data.
- Misusing UPI ‘collect request’, by sending fake messages to collect money.
- Fake bank numbers/e-wallets/incorrect search engine results/ frauds through social media.
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