As the month of October approaches, it's essential to plan your bank-related activities wisely. Several holidays are scheduled throughout the month, which may affect your banking needs.
To ensure a smooth banking experience, it's crucial to be aware of these holidays and consider completing important tasks ahead of time. Here's what you need to know:
Bank Holidays in October 2023
The Reserve Bank of India (RBI) mandates the closure of banks on public holidays and certain regional holidays determined by individual state governments.
In October, there will be over 15 holidays, including weekends. Here's the complete list:
- 2 October 2023 (Monday): Mahatma Gandhi Jayanti
- 12 October 2023 (Sunday): Naraka Chaturdashi (observed in several states)
- 14 October 2023 (Second Saturday): Mahalaya (observed mainly in Karnataka, Odisha, Tripura, and West Bengal)
- 15 October 2023 (Sunday): Ghatasthapana (observed in several states)
- 15 October 2023 (Sunday): Maharaja Agrasen Jayanti (celebrated in Punjab, Haryana, Uttar Pradesh, and Rajasthan)
- 18 October 2023 (Wednesday): Kati Bihu (celebrated in Assam)
- 19 October 2023 (Tuesday): Samvatsari Festival (observed in Gujarat)
- 21 October 2023 (Saturday): Durga Puja (Maha Saptami)
- 22 October 2023 (Sunday): Maha Ashtami (celebrated in many states across India)
- 23 October 2023 (Monday): Maha Navami / Ayudha Puja
- 24 October 2023 (Tuesday): Dussehra / Vijayadashami / Durga Puja
- 25 October 2023 (Wednesday): Durga Puja (Dasai)
- 26 October 2023 (Thursday): Durga Puja (Dasai) / Accession Day
- 27 October 2023 (Friday): Durga Puja (Dasai)
- 28 October 2023 (Fourth Saturday): Lakshmi Puja / Pargat Diwas
- 31 October 2023 (Tuesday): Birthday of Sardar Vallabhbhai Patel
Please note that these holidays include both weekends (Saturdays and Sundays) and specific regional celebrations.
Completing Transactions Online
Fortunately, even when physical bank branches are closed, many banking transactions can be completed online without any disruption. Digital services such as UPI (Unified Payments Interface), Mobile Banking, and Internet Banking remain operational during holidays.
If your banking tasks can be accomplished digitally, you can comfortably manage your finances from anywhere, regardless of the holiday schedule.
In summary, being informed about the upcoming bank holidays in October is essential for planning your financial activities effectively. While physical bank branches will be closed on these days, digital banking services are available to ensure that your transactions and financial tasks can proceed without interruption.
