Are Banks Closed for Eid: As the month of September is coming to an end in a few days, it is important to note that banks are set to remain closed on September 27, and 28 (depending on the states) on the occasion of Eid-E-Milad festival.
The Reserve Bank of India has out the bank holidays under three brackets — Holiday under the Negotiable Instruments Act; Holidays under the Negotiable Instruments Act and Real Time Gross Settlement Holidays; and Banks’ Closing of Accounts.
Bank holiday for Eid-Milad
September 27: Milad-i-Sherif (Birthday of Prophet Muhammed) (Banks will remain closed in Jammu and Kerala)
September 28: Eid-E-Milad/Eid-e-Meeladunnabi – (Prophet Mohammad’s Birthday) (Bara Vafat) Banks will be closed in Gujarat, Mizoram, Maharashtra, Karnataka, Tamil Nadu, Uttarakhand, Telangana, Manipur, Uttara Pradesh, New Delhi, Chhattisgarh and Jharkhand.
September 29: Indrajatra/Friday following Eid-i-Milad-ul-Nabi (Banks will remain closed in Sikkim, and Jammu and Srinagar.)
There will be 16 bank holidays in September across different states in India including Sundays, second Saturdays, and fourth Saturdays, according to the Reserve Bank of India holiday list.
In September banks were closed on the occasions of Sri Krishna Janmashtami, Janmashtami (Shravan Vad-8)/Sri Krishna Ashtami, Varasiddhi Vinayaka Vrata/Vinayaka Chathurthi, Ganesh Chaturthi/Samvatsari (Chaturthi Paksha), Ganesh Chaturthi (2nd day)/Nuakhai, Sree Narayana Guru Samadhi Day, Birthday of Maharaja Hari Singh Ji, Janmotsav of Srimanta Sankardeva.
Even as the bank branches will be closed, online banking services will continue to operate seamlessly, enabling the customers to perform banking transactions, check balances, and carry out essential banking tasks.
The next bank holiday will fall on October 2 in lieu of Gandhi Jayanti. All public and private sector banks shall remain closed on that day.
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