Bank Holiday: Are banks closed on November 8 on Guru Nanak Jayanti and Kartik Purnima Holiday?
Guru Nanak Jayanti Holiday, Bank Holiday On Guru Nanak Jayanti, Bank Holiday On November 8: As per the Holiday Description of the RBI, banks will remain closed on the occasion of "Guru Nanak Jayanti/Kartika Purnima/Rahas Purnima."
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02:09 PM IST
Guru Nanak Jayanti Holiday, Bank Holiday On Guru Nanak Jayanti, Bank Holiday On November 8: Banks in several circles will remain closed on November 8 on the occasion of Guru Nanak Jayanti. However, the bank holiday will be state-specific. According to the Reserve Bank of India (RBI), banks will remain open in several cities across India.
As per the Holiday Description of the RBI, banks will remain closed on the occasion of "Guru Nanak Jayanti/Kartika Purnima/Rahas Purnima." This holiday is under "Holiday under Negotiable Instruments Act". For the uninitiated, the Reserve Bank of India (RBI) put holidays under three brackets - Holiday under the Negotiable Instruments Act, Holiday under the Negotiable Instruments Act and Real-Time Gross Settlement Holiday and Banks’ Closing of Accounts.
City-wise Bank Holiday on November 8
According to the list of bank holidays, banks will not function in these cities on November 8 - Aizawl, Belapur, Bhopal, Bhubaneswar, Chandigarh, Dehradun, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Raipur, Ranchi, Shimla and Srinagar.
On the other hand, banks will remain open on Guru Nanak Jayanti in Agartala, Ahmedabad, Bengaluru, Chennai, Gangtok, Guwahati, Imphal, Kochi, Panaji, Patna, Shilong and Thiruvananthapuram.
Bank Holiday in November
November 11: Banks will remain closed in some circles on November 11 on the occasion of the "Kanakadasa Jayanthi/Wangala Festival". Bengaluru and Shillong are the circles where banks will not operate on this day.
Bank Holidays in November 2022: Banks to remain closed for 10 days this month
November 23: According to the RBI Bank Holiday list, Banks in Shillong will remain closed on the occasion of "Seng Kutsnem".
Overall, banks will remain closed for 10 days this month. Out of this, four are holidays while others are Saturdays and Sundays. Earlier in October, banks were closed for 21 days.
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