Bank Holiday In Maharashtra For Eid-e-Milad, RBI Announces New Date

New Date for Eid-e-Milad Holiday in Maharashtra: The Maharashtra government has made a notable adjustment to the holiday schedule in Mumbai. The Eid-e-Milad celebration, originally set for September 16, 2024, will now take place on September 18, 2024, to avoid conflict with another significant event. In response, the Reserve Bank of India has also revised its holiday plans for the same date.

Reasons Behind the Holiday Date Change

The Maharashtra government has rescheduled the Eid-e-Milad holiday in Mumbai from September 16, 2024, to September 18, 2024, due to overlap with Ganesh immersion. Following the decision, the Reserve Bank of India (RBI) also cancelled the September 16, 2024 holiday.

“The Government of Maharashtra has declared September 18, 2024 as a public holiday under Section 25 of the Negotiable Instruments Act, 1881,” RBI stated in a press release.

RBI added that the public holiday on September 16, 2024 declared earlier has been cancelled.

Accordingly, there will be no transactions and settlements in Government securities, foreign exchange, money markets and rupee interest rate derivatives on September 18, 2024.

“Settlement of all outstanding transactions due on September 18, 2024 (Wednesday) will get postponed to the next working day, i.e., September 19, 2024 (Thursday),” RBI stated in a press release.

Bank Holidays in September 2024 Maharashtra

Bank branches are open in Mumbai and the Mumbai metropolitan region on Monday, September 16, 2024.

Eid Bank Holiday

Banks are closed on Monday, September 16, 2024, for Eid-e-Milad in several places across the country.

Banks are closed in Gujarat, Mizoram, Maharashtra, Karnataka, Tamil Nadu, Uttarakhand, Andhra Pradesh, Telangana, Manipur, Jammu, Kerala, Uttar Pradesh, New Delhi, Chhattisgarh, Jharkhand for Eid-e-Milad.

So if you are planning to visit your nearest bank branch today, check the official list of bank holidays by RBI or bank branch whether they are open or not.

Banks will also remain closed in Sikkim on September 18, 2024, for Pang-Lhabsol.