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Bank Holidays in October: Banks to remain closed for 13 days from today. Check full list

Bank Holidays in October: Banks to remain closed for 13 days from today. Check full list

Zee News
Saturday, October 09, 2021 10:23:03 AM UTC

Banks are closed on Sundays, as well as the second and fourth Saturdays of each month, according to RBI regulation.

New Delhi: There will be various festivals in October 2021, including Navratri and Dussehra. From today, banks in various cities will be closed for a total of 13 days (Bank Holidays October) in this sequence. If you're in this circumstance and also have essential tasks to do, read this news first.

The Reserve Bank of India (RBI) has published a list of official bank holidays for the month of October, with a total of 21 holidays in the month. Many Indian cities' banks would be closed indefinitely at this time.  Banks are closed on Sundays, as well as the second and fourth Saturdays of each month, according to RBI regulation.

The list of holidays provided by the RBI is divided into three categories: state-specific festivities, religious holidays, and festival celebrations. The list of RBI required holidays is divided into three categories: 'Holiday under Negotiable Instruments Act,' 'Holiday under Negotiable Instruments Act and Real Time Gross Settlement Holiday,' and 'Banks' Closing of Accounts,' according to official classifications. It's worth noting that the majority of the October holidays go under the heading of 'Holiday under Negotiable Instruments Act,' with just the first day of the month being under the heading of 'Banks' Closing of Accounts.' Also Read: LIC Jeevan Labh Policy: Now invest Rs 233 per month to get Rs 17 lakh. Details here

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