Banks in several Indian states will observe a six-day closure during Diwali 2023, spanning from Dhanteras on November 10 to Bhai Dooj on November 15. Notably, internet banking services will remain operational during this period.
A long weekend holiday is scheduled for November 11-14 in most Indian states, with banks closed on November 13 and 14 due to the Diwali festival. On November 11, banks will be closed as it’s the second Saturday, and November 12 is a regular Sunday closure.
- November 10 (Friday): Banks are closed in observance of the Wangala Festival in Meghalaya.
- November 11 (Saturday): Banks are closed for the second Saturday.
- November 12 (Sunday): Banks remain closed on Sundays.
- November 13 (Monday): Banks are shut due to Govardhan Pooja/Laxmi Puja (Deepawali)/Diwali in several states, including Tripura, Uttarakhand, Sikkim, Manipur, Rajasthan, Uttar Pradesh, and Maharashtra.
- November 14 (Tuesday): Banks observe closure for Diwali (Bali Pratipada)/Deepavali/Vikram Samvant New Year Day/Laxmi Puja in Gujarat, Maharashtra, Karnataka, Sikkim.
- November 15 (Wednesday): Banks are closed for Bhaidooj/Chitragupt Jayanti/Laxmi Puja (Deepawali)/Ningol Chakkouba/Bhratridwitiya in specific states, including Sikkim, Manipur, Uttar Pradesh, Bengal, Himachal Pradesh.
The Reserve Bank of India categorizes bank holidays into three types: Holidays under the Negotiable Instruments Act, Holidays under the Negotiable Instruments Act Real-Time Gross Settlement Holidays, and Banks’ Closing of Accounts.
In total, November comprises 15 bank holidays, as per the Reserve Bank of India’s calendar. These holidays include regular ones like the second and fourth Saturdays and Sundays. However, nine of them are either festive or gazetted. It’s important to note that specific bank holidays may be regional and may vary from state to state and between different banks.
