This week, banks will not function for 4 days on account of festivals, second Saturday and Sunday. However, on festivals, banks will be closed only in those states, where the said festival is celebrated. On the other hand, second and fourth Saturdays, and Sundays, are common holidays for all banks.
On November 8 (Tuesday), banks will be closed for Guru Nanak Jayanti/Kartika Purnima/Rahas Purnima, while November 11 (Friday) is a holiday due to Kanakadasa Jayanthi/Wangala Festival. The next 2 days are second Saturday, and Sunday, respectively.
November 8: Guru Nanak Jayanti/Kartika Purnima/Rahas Purnima (Shut everywhere except Agartala, Ahmedabad, Bengaluru, Chennai, Gangtok, Guwahati, Imphal, Kochi, Panaji, Patna, Shilliong and Thiruvananthapuram)
November 11: Kanakadasa Jayanthi/Wangala Festival (Closed only in Bengaluru and Shillong)
November 12: Second Saturday
November 13: Sunday
The next bank holiday will fall on November 23 (Wednesday), when Seng Kutseng will be celebrated in Shillong). The first bank holiday in November was on the first day of the month, when Karnataka celebrated its foundation day, and Manipur observed the Kut festival. The tenth and final bank holiday of the month will be on November 27, a Sunday.
Also Read | Bank Holidays 2022: Banks to be shut on these days in November. Check full list
Banks observe holidays in accordance with a list prepared by the Reserve Bank of India (RBI), the country’s central bank. The RBI categorises these into 3 types: Holiday under Negotiable Instruments Act; Holiday under Negotiable Instruments Act and Real-Time Gross Settlement Holiday; and Banks’ Closing of Accounts.
All banks remain shut on national festivals – Republic Day (January 26), Independence Day (August 15) and Gandhi Jayanti (October 2) – as well.