In September 2024, public and private banks across India could experience extended closures, potentially remaining shut for up to six consecutive days from September 13 to September 18. This is due to a combination of regional holidays, festivals, and weekends.
The upcoming period includes various holidays such as Ramdev Jayanti, Onam, Eid-e-Milad, and others, resulting in possible bank closures. Since these holidays may not be observed uniformly across the country, it is recommended to check with your local bank branch or app notifications for the exact schedule.
Overall, banks in India will be closed for at least 14 days this September, factoring in second and fourth Saturdays, Sundays, and additional regional and religious festivals. To avoid any inconvenience, plan your banking activities in advance.
For urgent cash needs, banks continue to offer online services and mobile banking, and ATMs remain accessible even during holidays, barring any specific notifications to users.
Upcoming Bank Holidays:
- September 13 (Friday): Ramdev Jayanti / Teja Dashmi (Rajasthan)
- September 14 (Saturday): Second Saturday / Onam (Nationwide / Kerala)
- September 15 (Sunday): Thiruvonam (Nationwide / Kerala)
- September 16 (Monday): Eid-e-Milad (Nationwide)
- September 17 (Tuesday): Indra Jatra (Sikkim)
- September 18 (Wednesday): Sree Narayana Guru Jayanti (Kerala)
Additionally, the subsequent week includes another extended weekend with holidays on September 21 (Shree Narayana Guru Samadhi — Kerala), September 22 (Sunday — Nationwide), and September 23 (Heroes’ Martyrdom Day — Haryana). The month will also feature holidays on September 28 (fourth Saturday) and September 29 (Sunday).
How Bank Holidays Are Determined:
Bank holidays in India are set by the Reserve Bank of India (RBI) in conjunction with state governments, considering national and local events, religious observances, and operational needs. The RBI announces these dates through its official channels, and they are outlined under the Negotiable Instruments Act, which governs cheque and promissory note transactions.
Bank holidays are classified into three categories: Negotiable Instruments Act Holidays, Real-Time Gross Settlement (RTGS) Holidays, and Account Closing Days.