Bank Holidays October 2024: 17 Cities Where Banks Are Closed Today and Why?

On October 17, 2024, banks in certain cities like Bengaluru, Guwahati, and Shimla will be closed for Valmiki Jayanti and Kati Bihu. However, banks in major cities such as Mumbai, Delhi, and Chennai will remain open. Bank holidays vary by state and city, so it’s advisable to check the schedule before visiting your bank.

Bank Holidays October 2024: 17 Cities Where Banks Are Closed Today and Why?

Pargat Diwas, also known as Valmiki Jayanti, is an annual festival in India, primarily celebrated by the Balmiki community, marking the birth of the ancient poet and philosopher Valmiki, believed to have lived around 500 BCE. The festival falls on the full moon (Purnima) in the month of Ashwin, according to the Indian lunar calendar, which typically occurs in late September or early October.

Bank holidays in India for 2024 vary based on the region, with holidays classified under different categories, such as the Negotiable Instruments Act and Real Time Gross Settlement Holidays. Banks also close on the second and fourth Saturdays of every month, and remain open on the fifth Saturday when applicable. While there are national holidays observed throughout the country, many bank holidays depend on the specific state or city.

For October 17, 2024, banks in cities like Bengaluru, Guwahati, and Shimla will be closed for Valmiki Jayanti and Kati Bihu, while banks in other cities such as Agartala, Ahmedabad, Chennai, Mumbai, and New Delhi will remain open. It’s important to check the specific holiday schedule for your location if you’re planning a visit to your bank.