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Banks Closed On October 10: Here's Why RBI Has Declared A Bank Holiday

Banks Closed On October 10: Here's Why RBI Has Declared A Bank Holiday

NDTV
Wednesday, October 09, 2024 05:28:27 AM UTC

The Reserve Bank of India (RBI) has declared a bank holiday in specific states for this day, which is a significant part of the Durga Puja celebrations.

On October 10, several private and public banks in India will be closed in observance of Maha Saptami. The Reserve Bank of India (RBI) has declared a bank holiday in specific states for this day, which is a significant part of the Durga Puja celebrations.

Banks in Tripura, Assam, Nagaland, and West Bengal will remain shut on October 10 in honour of Durga Puja/Dussehra, while banks in other regions will operate as usual. Maha Saptami, the seventh day of Durga Puja, marks the beginning of the grand worship (Maha Puja) and is a pivotal day in the 10-day festival. According to mythology, it is the day when Goddess Durga began her battle against the demon king Mahishasura.

Even though bank branches will be closed in these states, essential banking services such as online banking, UPI, ATMs, and mobile applications will remain fully operational. Customers can continue to manage their transactions through:

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